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Oil is lower in Asia-Pac trade on Friday, WTI dropping away from $70/bbl after retaking the level earlier in the week. WTI is down $0.57 from settlement levels at $69.72/bbl, Brent is down $0.61 at $71.91/bbl; the benchmarks are on track to record losses this week. There are positive demand cues with an OPEC+ report on Thursday predicting demand will rise by around 5m bpd in the second half of 2021, while estimates of spare capacity could be lowered.