Crudeoil trading range for the day is 3043-3137. Crude oil settled flat as a slight uptick in OPEC production in April reinforced long-term concerns related to the excessive supply glut on global energy markets.
OPEC said in its Monthly Report that crude oil production last month rose by 188,000 barrels per day to average 32.44 million bpd.
"Record bullish bets on higher futures prices by speculators also helped once more this month," OPEC said in the report.
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