Crude futures have stuck to tight ranges thus...>

OIL: Crude futures have stuck to tight ranges thus far, with WTI & Brent each

trading $0.30 worse off.

- The benchmarks finished off of best levels on Monday, as risk sentiment soured

during the session.

- Monday saw RTRS sources suggest that OPEC+ will not make any decisions on

output in April, suggesting that the participating countries will instead extend

the production pact in June.

- Kpler calculations suggested that OPEC crude exports fell 669K bpd m/m to

24.086mn bpd in February owing to Gulf cutbacks.

- Libya has lifted force majeure on its Sharara oilfield, although most expect

that it will take at least several days to get the field up to speed after the

recent rounds of militant occupation.

- Focus today turns to the weekly API inventory data, due late on.