Crude oil trading range for the day is 5210-5336

Crude oil trading range for the day is 5210-5336.

Crude oil pared gains on profit booking after prices seen supported as U.S. President Trump vowed in a U.N. speech that there will be no reprieve for Iran from sanctions.

Mohammad Barkindo, OPEC secretary general, said in Madrid that OPEC and its partners should cooperate to ensure they do not “fall from one crisis to another”.

Crude inventories rose by 2.9 million barrels in the week to Sept. 21 to 400 million, compared with expectations for a decrease of 1.3 million barrels, the APi said.

Also weighing on sentiment was an industry report showing U.S. crude stocks unexpectedly climbed last week.

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