Crude Oil may trade range 2891-3049 range, down at 2950

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Crude oil settled down -2.93% at 2950 amid a soaring dollar, as the weekly U.S. oil rig count moved lower for a 10th consecutive period last week exacerbating concerns of oversupply on domestic energy markets. For the week, crude futures were down by around 4 percent, sliding since Wednesday after a sixth weekly build in crude stockpiles.


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