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Crude Lodges Uptick In Asia

OIL

Crude oil futures have managed to reverse some of Monday’s losses, with WTI & Brent adding ~$0.50 & ~$0.30 to their respective settlement levels during overnight dealing. This comes after risk aversion (which faded into the NY close) and an uptick in both Libyan & Kazakh crude production applied some modest pressure to the space on Monday. API inventory estimates provide the focal point for participants on Tuesday.

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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