Crude oil trading range for the day is 3127-3345.Crude oil prices dropped on renewed concerns that increasing U.S. production and high inventories will thwart OPECs attempts to reduce the global crude glut. Prices seen pressure as doubts emerged over the effect of the OPEC non-OPEC production cut by almost 1.8 million barrels per day (bpd) during the first half of the year.Saudi Arabia and Kuwait, favour extending their production-limiting deal with non-member producers into the second half of the year.

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