Crudeoil trading range for the day is 3352-3564. Crude oil dropped on the back of a broadly stronger U.S. dollar after the Federal Reserve raised interest rates for the first time in a year. EIA showed that commercial crude inventories last week declined by 2.56 million barrels to 483.19 million barrels. OPEC member Kuwait expects oil prices to be about $50-$60 a barrel in January when the OPEC deal to cut output comes into effect, its oil minister said.
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