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Crude has operated in a tight range.............>

OIL: Crude has operated in a tight range overnight, with WTI & Brent last
trading at/near settlement levels.
- Thursday saw reports suggest that Saudi Arabia plans to boost crude supply by
some 200-300K b/d over the next two months to compensate for Iran's lower output
- Traders await the latest Baker Hughes U.S. rig count data, due late Friday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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