Crudeoil trading range for the day is 3122-3216. Crude oil dropped on renewed concerns about an oil glut and expectations that Nigerian rebels will stop hampering that country's crude output. Iranian officials have basically refused to cooperate on any production freeze at the upcoming OPEC meeting in September. Oil exports from Iraq's southern ports have averaged 3.205 million barrels per day (bpd) in August, exceeding the average level seen in July.For more Accurate
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