Crude Oil Dropped After The Monthly Report From The International Energy Agency

Crude Oil trading range for the day is 4795-5133.

Crude oil dropped after the monthly report from the International Energy Agency showed a jump in global supply to an all-time high.

The global oil supply reached a record 100 million barrels per day, the International Energy Agency said in its latest forecast.

Crude output from the OPEC and Russia, rose to a nine-month high in August, to 32.63 million bpd, due to a rebound in Libya production.

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