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Oil edged higher again today, largely on the....>

OIL: Oil edged higher again today, largely on the back of supply dynamics. Brent
crude has traded up to USD62.8/bbl up from a low of USD62.5/bbl, while WTI
trades at USD57.6/bbl up from USD57.3/bbl.
- US stockpiles fell by 541,000 barrels last week according to the American
Petroleum Institute.
- Secretary General of OPEC Mohammad Barkindo has stated that there is potential
for a sharp cut in projected non-OPEC oil supply in 2020.

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