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A Touch Lower To Start The Week

OIL

Asia-Pac hours have seen crude trade defensively, with WTI down ~$0.40, while Brent is closer to $0.70 worse off, as the defensive start to the week for e-minis (with some reasoning flagged elsewhere) and a stronger USD apply pressure to the space, allowing the benchmarks to tick away from their recent cycle highs.

  • Crude-specific news flow has been fairly light, with the weekend seeing Iraq follow Saudi Arabia, as it nudged is OSPs to Asia higher.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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