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The major crude benchmarks continued to trade...>

OIL
OIL: The major crude benchmarks continued to trade in a heavy manner after an
OPEC committee highlighted the need to ensure stable crude supply, which drew
further questions over the longevity of the OPEC+ production agreement.
- It is also worth noting that Friday's Baker Hughes data saw the number of
active US oil rigs reach the highest level since early 2015.
- WTI's 100-DMA provides the initial point of downside interest at $64.71.
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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