CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6200 R1-6120 S1-6000 S2-5930
Crude oil dropped weighed down by a stronger dollar and data showing output from OPEC group of exporting countries hit a three-month high.
Supply from the OPEC averaged 30.02 million barrels per day (bpd), up from 29.68 million bpd in April.
Oil exports from Iraq rose by 8 percent in May and a new floating terminal was inaugurated.
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