A limited Asia-Pac session has seen both WTI....>

OIL: A limited Asia-Pac session has seen both WTI & Brent tick higher, perhaps

on follow-through from Thursday's NY session.

- Softer tones from the IEA built on the recent bullish hopes of green shoots

re: oil demand on Thursday, which allowed both Brent & WTI to settle in excess

of $2.00 higher on the day, with the Agency noting that the global oil market

picture isn't as bad as it initially feared.

- This came after indications that Saudi is slashing volumes of June crude on

offer to term buyers across the globe (obviously in line with fulfilling export

pledges).

- The late bid on Wall St. would have also provided some support.

- Also worth noting that Asia hours have seen the ADNOC CEO pointing to tighter

markets in recent weeks.