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Oil held firm early Tuesday, consolidating......>

OIL: Oil held firm early Tuesday, consolidating Monday's gains which came as
OPEC failed to introduce fresh production quotas at the OPEC+ JMMC meeting held
in Algiers over the weekend.
- There has been little fresh on the headline front post-Algiers.
- Traders now look to the weekly API oil inventory estimate, due later today.
Forecasters are looking for a headline drawdown of ~740K bbls in this week's DoE
inventory report.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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