Crude oil trading range for the day is 3392-3456.Crude oil pared gains but ended with around 2% gains on weekly basis after IEA said the market was nearing balance. Gains were capped by fresh data showing U.S. production continued to climb, potentially undermining the OPEC-led supply reductions.It can be argued confidently that the market is already very close to balance, the agency said in its monthly report.

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