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The major crude benchmarks traded unchanged.....>

OIL
OIL: The major crude benchmarks traded unchanged to a touch softer than
settlement, after the contacts were pressured by the latest round of Baker
Hughes rig count data on Friday, with the data pointing to an uptick in active
U.S. oil rigs.
- WTI bulls took comfort in support emerging ahead of the 100-DMA and the $65.89
support with pressure returning to the 21-DMA. Bulls still need a close above
the 21-DMA to shift initial focus back to $70.60-71.13. While the 21-DMA caps
bears remain focused on the $65.89-66.30 supports with a close below $68.92
needed to buy bears breathing room.
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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