![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiY-wiNHPr3C04bSORn47xNZipZ0oEsPM_BSgN3viX-OiAafx14iSxBycAYM9uvOnhURZdK32Ext0IDTmbSzeQR-l_W__D6z7RtQu8HQ8agMKKp-8pw1-sFJEaNT-dyUtZEg4aRdKeBvM/s320/crude-oil-trades-up11.jpg)
Crudeoil trading range for the day is 3516-3822.
* Crude oil dropped as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by U.S.-China trade hopes.
* Oil markets are receiving support from supply cuts led by OPEC and aimed at reining in a glut that emerged in the second half of 2018.
* Lower oil exports from Iran since November, when U.S. sanctions against it resumed, have also supported crude.
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