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A softer USD & positive risk tone allowed WTI...>

OIL: A softer USD & positive risk tone allowed WTI to briefly top $56.00 in
early Asia-Pacific trade, with WTI last $0.20 higher and Brent $0.10 worse off
at writing.
- U.S.-China trade talk & OPEC+ production pact optimism have aided demand for
- Friday saw Saudi Arabia reveal that it has halted output at its largest
offshore oil field to repair a damaged power cable, while the U.S. levied
additional sanctions on a handful of individuals tied to Venezuelan leader
- Elsewhere, the latest weekly Baker Hughes rig count data saw the number of
active U.S. oil rigs rise by 3, lodging a second consecutive weekly gain.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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