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Massive EU Bank option still trading




Continues to unwind previous gains

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Brent Approaches $70/bbl


Oil is higher in Asia-Pac trade on Tuesday, building on Monday's gains. WTI is up $0.16 from settlement levels at $66.43/bbl, Brent is up $0.14 at $69.90/bbl. Markets are focusing on positive demand cues after the US reported the highest passenger numbers in airports since the pandemic began. Elsewhere Nigeria is seeing slower run rates at three of its main export terminals in May. Flows from Bonny, Forcados and Qua Iboe have all seen rates fall below initial loading programmes.

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