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Crude edged lower overnight as WTI and Brent....>

OIL
OIL: Crude edged lower overnight as WTI and Brent both traded around $0.10
softer at $63.80 & $67.40 respectively.
- This came after WTI settled at a 3-week high in NY, with the space taking
little interest in comments from IEA chief Birol, as he intimated that the US
will become the largest global producer of oil in either 2018 or 2019.
- Markets await the weekly API crude inventory estimate after hours on Tuesday,
with analysts looking for a headline crude build of 2.0mln barrels in the
official DoE release, due Wednesday, following last week's surprise draw.
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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