The major oil benchmarks printed modest.........>

OIL: The major oil benchmarks printed modest losses, with traders focused on the

upcoming OPEC+ summit & the trade war situation.

- Rumours continue to do the rounds regarding the size and longevity of the

crude production boost that Saudi & Russia will suggest at the meeting later

this week.

- Volatile trading has continued at the start of the new week with WTI

recovering from the day's low to gain breathing room. Focus now returns to

$67.12-68.52 where 21 & 55-DMAs are noted. 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 $64.78 to return focus to the bull channel base ($63.21) off of Aug

30 lows.