Crudeoil trading range for the day is 2063-2247. Crude oil prices dropped as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut.
Adding to the week's rollercoaster ride in prices was the sudden liquidation of a $600 million leveraged fund bet on falling prices.
The US oil rig count plunged by 31, its sharpest weekly drop since April 2015.
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