Crudeoil trading range for the day is 6489-6881.
Crude oil slipped after Iran's president said his country was not seeking war with any other nation
The prospect of a flood of Middle Eastern oil into the global market depressed oil prices
The global oil market is well balanced and top exporter Saudi Arabia ready to supply whatever volume of crude is needed to meet demand
Libya's crude oil production has recovered to nearly 40% of its pre-war capacity, with exports set to rise major
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