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Oil again almost flat in the Asia session, up...>

OIL
OIL: Oil again almost flat in the Asia session, up $0.30 at $49.78, extremely
thin volumes traded ahead of key risk events due in the U.S and European
sessions. API data in last night (BST) saw crude oil inventories rise 1.44mln
bbl last week up from 900k the week prior, crude oil stocks surveyed to rise by
more than double to 3.9bln on the week by Bloomberg, gasoline decreased by
5.06mln bbl and distillates decreased by 6.13mln bbl helping to boost crude oil
by around $0.50.
- Japan reported an increase of 16.3% in imports during the session with the
main support being in energy, specifically WTI, liquefied natural gas and coal. 
- Offshore production of oil in the Gulf of Mexico was interrupted following
Hurricane Harvey and yesterday an earthquake of the magnitude 7.1 hit, toppling
buildings.
- Later on today (15:30BST) oil inventory data will come in, surveyed much lower
than prior. 
- MNI technical analysis sees support at $50.18 - Hourly resistance Sept 19 now
support and resistance at $50.88 - High Sept 14.

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