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WTI & Brent are little changed vs. their respective settlement levels in Asia-Pac hours, holding tight ranges.

  • The uptick in European & U.S. equity markets provided support for crude on Wednesday, with the large draw in DoE headline crude stocks eclipsing that seen in the API inventory estimate, providing further support later in the day. Still, all in all, trading was sudued and rangebound, with modest gains lodged come settlement.
  • Elsewhere, Petro-logistics data pointed to a > 500K bpd uptick OPEC crude supply in the month of July.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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