Crudeoil trading range for the day is 2968-3120. Crude oil gained after U.S. crude output dropped and Federal Reserve policy makers signaled they’re open to raising interest rates in June.
The World Bank boosted its forecast for oil prices this year, projecting that U.S. output cuts will steepen in the second half of 2016.
Crude production fell to 8.94 million barrels a day last week, the least since October 2014, Energy Information Administration data show.
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