![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiY-wiNHPr3C04bSORn47xNZipZ0oEsPM_BSgN3viX-OiAafx14iSxBycAYM9uvOnhURZdK32Ext0IDTmbSzeQR-l_W__D6z7RtQu8HQ8agMKKp-8pw1-sFJEaNT-dyUtZEg4aRdKeBvM/s320/crude-oil-trades-up11.jpg)
Crudeoil trading range for the day is 3998-4116.
* Crude oil gained as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply.
* Prices also seen supported fueled by production curbs by OPEC and its partners along with U.S. sanctions on Iran and Venezuela.
* OPEC leave its 2019 global oil demand growth forecast unchanged at 1.24mbpd.
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