The major oil benchmarks managed to print.......>

OIL: The major oil benchmarks managed to print modest gains after the latest

round of API inventory data showed a larger than expected headline crude draw,

according to reports, while the product inventories  exhibited a build.

- Elsewhere the OPEC+ summit in Vienna continues to garner attention with Iran

continuing to voice its opposition to any increase in crude production under the

OPEC+ agreement.

- The US-China trade war issue also clouds the outlook for crude.

- WTI's $66.96-68.52 resistance region where the 21 & 55-DMAs are located

remains key. Bulls need a close above $68.52 to end bearish hopes and shift

initial focus back to $70.86-72.70. Bears now need a close below the bull

channel base ($63.29) of Aug 30 lows to reconfirm the bearish bias and initially

pressure $61.43.