Crudeoil trading range for the day is 3425-3577. Crude prices settled higher after data on crude oil inventories from the EIA showed a massive build and the third straight weekly increase. Crude oil inventories in the U.S. jumped by 13.83 million barrels at the end of last week, the EIA said, a surprise above the expected 2.8 million barrels gain. An EIA report upgrading the 2018 output forecast to 9.53m from 9.3m barrels per day projected in January probably didn’t help matters either.
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