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The broader risk aversion has pressured crude...>

OIL
OIL: The broader risk aversion has pressured crude in Asia-Pac hours, with WTI
-$0.40 and Brent -$0.60, as both unwind the modest gains lodged in Monday's
holiday hampered session, and more.
- In terms of crude specifics, Libyan production continues to ratchet lower
given the tension evident in the country, while the ongoing will they? won't
they? saga surrounding Russia and the extension of the OPEC+ agreement continues
to garner interest after a phone call between the Russian energy minister &
Iranian oil minister became apparent on Monday, although there were virtually no
details of the call evident.
- The weekly API & DoE inventory releases will be delayed by one day this week,
as is the norm when the U.S. observes a holiday on a Monday.
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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