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Oil prices remain stuck in their contracting....>

OIL
OIL: Oil prices remain stuck in their contracting range with Brent and WTI
trading up a whisker as uptrend support from the lows remains intact. Brent sits
at $60.31, up 3 cents, while WTI trades up 10 cents at $51.30.
- The tailwind of pledged OPEC cuts is being balanced out by continued supply
gains in the US despite the drop in rig count last week, as well as rising fears
over a global growth slowdown. 

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