Crudeoil trading range for the day is 2701-2907. Crude prices rose as a strike by oil workers in Kuwait slashed the country’s output levels and overshadowed a deadlock.
API's weekly crude inventory report showed a gain for crude stocks of 3.1 million barrels at the end of last week.
Prices surged as labor stoppage in Kuwait where thousands of workers struck for a third consecutive day while railing for public sector pay reforms.
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