Crudeoil trading range for the day is 2909-3343.
* Crude oil prices plunged as fears of an economic slowdown rattled the market.
* The boom in U.S. shale output has boosted the country into the top producer spot over traditional suppliers Saudi Arabia and Russia.
* OPEC and Russia agreed earlier this month to cut oil production by 1.2 million barrels per day (bpd) starting in January to address the supply issues.
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