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OIL: Oil has continued to edge lower through the Asian session and into the
European open after yesterday's API data confirmed that oil inventories in
Cushing had increased last week. This confirmed the Genscape report of earlier
in the week.
- The market will now look ahead to the DOE report for further confirmation of
the inventory picture in the US.
- At the time of writing WTI and Brent were down $0.15/bbl and $0.05/bbl