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*Correct* (OPEC April meeting is also in........>

OIL
OIL: *Correct* (OPEC April meeting is also in Vienna, JMMC meeting in March is
in Baku)
WTI & Brent haver reversed Thursday's marginal losses and more in Asia-Pacific
hours on Friday, following a positive lead from Wall St., with the space
seemingly clinging to hope surrounding a WSJ piece that suggested that the U.S.
administration is discussing a rollback of the Chinese tariffs, despite the
subsequent denial from the Tsy in late NY hours.
- The major benchmarks trade around $0.60 higher apiece at writing.
- Thursday saw the release of OPEC's December oil report, with the cartel's
production falling by 751K b/d, lower than the touted 800K, which weighed on
prices ahead of NY trade.
- Also worth noting that OPEC is set to hold its "normal" meeting in Vienna in
June, in addition to the extraordinary meeting in Vienna in April.
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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