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Brent crude and WTI continue to trade near......>

OIL
OIL: Brent crude and WTI continue to trade near multi-month highs at
USD68.59/bbl and USD60.15/bbl, respectively.
- According to the latest data published by the Energy Intelligence Agency, US
oil inventories fell by 9.59mn barrels in July. Imports from Venezuela have now
collapsed to zero, while exports increased to 3.392m b/d - the second highest
level on record.
- As a result of US sanctions against Venezuela and Iran hitting global supply,
India's Reliance Industries has been selling fuel to Venezuela from India and
Europe according to Reuters.
- UAE Energy Minister Suhail Al Mazrouei has stated that OPEC and non-OPEC
allies  could sign an agreement in June to formalise their oil market policies. 

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