Oil has tracked broader risk sentiment over.....>

OIL: Oil has tracked broader risk sentiment over the last 24 hours, with WTI

trading adding $0.05 to settlement levels at the last count, while Brent trades

$0.30 shy of settlement levels, as trade war worries capped prices, although

positive rhetoric from U,.S. President Trump re: a potential deal with China put

a modest bid into crude during Asian dealing.

- Oman's oil minister took to the wires on Monday, noting that he is concerned

with oil price volatility.

- Elsewhere, his Nigerian counterpart stated that OPEC has the ability to cover

some gaps in 2019, adding that the cartel is overestimating the moderation in

crude supply. He also stressed that he doesn't foresee any major changes to the

OPEC+ agreement in the wake of next week's OPEC meeting. The Nigerian oil

minister also suggested that $70/bbl is a comfortable price for all OPEC

producers.

- Focus now turns to the weekly API inventory data due late Tuesday. Analysts

are looking for a headline build of 2.876mn barrels in Wednesday's DoE inventory

release.