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The broader risk environment weighed on crude...>

OIL
OIL: The broader risk environment weighed on crude early Monday, with WTI &
Brent losing around $0.40 apiece.
- The immediate focal point for participants comes in the form of the imposition
of U.S. sanctions on Iran in about an hours time. As a reminder, 8 countries are
set to receive exemptions in dealing with Iranian crude
- Friday saw the latest U.S. Baker Hughes oil rig count fall by 1.
- The weekend saw Kurdistan note that it is currently exporting over 400K bbl/d.
- Later this week interest will turn to the upcoming OPEC JMMC meeting.
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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