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Crude Little Changed In Asia


WTI & Brent futures print at virtually unchanged levels into European hours. This comes after crude firmed on Monday, although the major benchmarks finished a little shy of best levels, adding ~$0.70 on the session, with the potential U.S. response to the recent rally in oil prices via the release of some of its SPR holdings limiting gains (an announcement on such a move could come as soon as this week, per media reports). Tuesday will see focus fall on the latest STEO from the EIA (outlined as a key input re: any SDR decision, per U.S. Energy Secretary Granholm) and the weekly API inventory release.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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