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The broader risk aversion evident in Asia-Pac...>

OIL
OIL: The broader risk aversion evident in Asia-Pac hours has allowed the major
crude benchmarks to move further away from their respective Monday peaks, with
WTI -$0.15 and Brent -$0.30 at writing.
- This week's early Libya bid has now fully reversed, and more, with a focus on
the spare capacity that is evident in the crude market outweighing any shocks
that the situation in Libya may provide, at least for now.
- Elsewhere, RIA ran comments from OPEC Sec Gen Barkindo on Monday, as he
confirmed that the OPEC+ group will meet in March, as planned, which goes
against suggestions made in some recent source reports.
- A reminder that the release of the weekly API & DoE inventory reports will
belayed by one day this week, owing to Monday's U.S. holiday (API due Wednesday,
DoEs due Thursday as a result).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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