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What to Watch

  • The May23 WTI options expire against the 19:30GMT futures close price today. Current open interest shows the biggest nearby strikes of interest at 80$/bbl and 85$/bbl.
  • The latest EIA US drilling productivity report is due for release today at 14:00ET detailing the expected output from the US oil and gas shale producing regions for May.
  • The update to the JODI world oil database is also due today giving the latest data regarding both global supply and demand amid high market uncertainty.

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