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Oil markets remain on the back foot after WTI...>

OIL
OIL: Oil markets remain on the back foot after WTI broke below short term
uptrend support yesterday to hit fresh ytd lows of $49.01. Recovery efforts
today have been weak with WTI last at $49.34 as the relief rally in stocks
fades. 
- Brent is holding above its Nov 29 lows but uptrend support has given way
suggesting further losses are likely in line with WTI. Brent trades at $59.00
last. 

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