Crudeoil trading range for the day is 3198-3712.
Crude oil dropped as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply.
Concerns over future oil demand amid weakening global economic growth and doubts over the effectiveness of planned production cuts led by the OPEC also pressured prices.
Oil production from seven major U.S. shale basins is by year-end expected to climb to more than 8 million barrels per day (bpd) for the first time.
The US has surpassed Russia and Saudi Arabia, with overall crude production climbing to a record of 11.7 million bpd.
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