crudeoil sup 4032 and hurdles 4157
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--Crude oil gained supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.
--Oil markets have been well supported by production cuts led by the OPEC and Russia which are aimed at propping up crude prices.
--Attracted by tighter supplies and strong consumption, financial investors have raised their net long U.S. crude futures positions, to a new record, the CFTC said.
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