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Crude benefitted from the shuttering of.........>

OIL: Crude benefitted from the shuttering of Libya's largest oilfield & as
geopolitical risks remained elevated, with WTI & Brent futures up around $0.30 a
piece at $61.50 & $64.70 respectively.
- Traders await a meeting between OPEC & US shale producers on Monday.
- Losses defined last week with bulls now needing a close above $61.83 to ease
bearish pressure and above $64.97 to return initial focus to $66.39-65 where
2018 highs are noted. While $61.83 caps bears remain focused on layers of
support $57.90-59.60 where the 100-DMA and daily bull channel base ($59.20) are
situated. Correcting O/B studies add weight to the bearish case.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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