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Marginal Gains In Asia, WTI & Brent Operate Within Wednesday’s Ranges

OIL

WTI & Brent crude futures sit ~$0.25 above their respective settlement levels, well within the ranges observed on Wednesday. A reminder that Wednesday’s weekly U.S. DoE inventory release resulted in some intraday volatility. There hasn’t been much in the way of market moving news since the New York bell.

  • Wednesday saw RTRS sources suggest that “Kuwait's candidate to lead OPEC has widespread support from the group, with current secretary general Mohammad Barkindo not expected to seek re-election.” Elsewhere, the Saudi King stressed that market stability and balance are a pillar of Saudi energy policy.
  • Focus remains pinned on next week’s OPEC+ gathering.
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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