*correct* - WTI & Brent have added over $1.00...>

OIL: *correct*

- WTI & Brent have added over $1.00 since Friday's settlement, with the former

breaking back above $30.00. A few price supportive matters became evident at the

back end of last week:

- Positives from the likes of Russia & Nigeria re: crude production cuts.

- ADNOC pointing to a tightening in oil markets in recent weeks.

- Oman suggesting they were willing to over-comply with production cuts (albeit

marginal in the grand scheme of things).

- The bounce in U.S. equities will have helped.

- A continued dip in the U.S. Baker Hughes rig count.

- An Energy Intelligence source report suggesting the global production pact

could be extended through year end.

- The Saudi flotilla heading towards/circling the U.S. re-ups the risk re:

short-term storage dynamics, although some are already more optimistic on the

fundamental outlook than they were just a few short weeks ago.