Crudeoil trading range for the day is 2819-2975. Crude oil prices dropped as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.
Production by the OPEC was likely to increase while slowing economic growth, including in emerging markets, could hit oil demand.
Indonesia's governor to OPEC said that oil at $45 a barrel was "not bad" and that there would be no urgency to freeze output levels if crude remained at that price.
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