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BELGIUM AUCTION PREVIEW

To Sell 3 OLO Lines On Jun 28

FED

NY Fed Operational Purchase

FOREX

Morgan Stanley Turns Bearish On EM

EMERGING MARKETS

ETF Inflows Shrink After Fed Signal

US EURODLR FUTURES

BLOCK, Large Red Dec'22

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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.