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Crude pulled back a little in Asia-Pacific......>

OIL
OIL: Crude pulled back a little in Asia-Pacific dealing but was still on track
to post strong weekly gains after an increase in geopolitical tensions.
- WTI lost $0.20 to trade at $66.85, while Brent lost $0.25 to deal at $71.80.
- Trump is still to make a decision on Syria, with crude traders keeping an eye
on the President's decision and other sources of Middle East tension. Watchers
also await the weekly Baker Hughes rig count data due later today.
- WTI bulls now target the daily bull channel top ($69.11), with daily studies
perfectly placed for a fresh leg higher, although the Bollinger band top
($67.42) is a concern. On the other hand, bears now look for a close below
Wednesday's hourly support level ($65.68) to gain breathing room.
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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