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Friday`s weakness in oil prices followed........>

OIL
OIL: Friday`s weakness in oil prices followed through into the Asian session
with WTI down 0.11% at $70.46 and Brent down 0.39% near session lows at $76.74. 
- The trend for the main oil benchmarks remains bullish beyond the very short
term, with $75.0 likely to provide support for Brent.
- Oil's inverse correlation with the greenback has broken down of late, but the
recent dollar weakness, if continued, should provide a positive backdrop for
oil. 

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