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WTI and Brent have lost a few cents apiece......>

OIL
OIL: WTI and Brent have lost a few cents apiece overnight, with the benchmarks
operating in tight ranges thus far.
- Wednesday saw crude draw support from Saudi pointing to a continued adherence
to deeper than pledged crude production cuts and a likely extension of the OPEC+
production pact, while the DoE noted that headline U.S. crude inventories shrunk
by the largest margin seen since July 2018.
- These headline drivers outweighed reports surrounding Libyan & Nigerian
production.
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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