Oil fell yesterday. After a fairly quiet........>

OIL: Oil fell yesterday. After a fairly quiet European morning session, oil fell

after North American trading started. The market retraced some of the rally

following the US-China tariff delay announcement as it became clear that talks

are still a long way from being resolved.

- Oil took another leg lower yesterday following the release of the DOE

inventory report which showed crude inventories rising (a fall had been

expected). However there were falls in gasoline and distillate inventories. The

fall on the inventory data was later reversed.

- Moves have been muted through the Asian session with Brent down $0.20 and WTI

little changed relative to yesterday's settlement levels.