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WTI and Brent hover $0.10 & $0.20 above their...>

OIL
OIL: WTI and Brent hover $0.10 & $0.20 above their respective settlement levels
at typing, after a relatively rangebound Monday, with the former settling little
changed and Brent adding to Friday's gains.
- Source reports pointing to OPEC+ closing the gaps re: a production pact
extension continue to do the rounds.
- Although, caution after the recent surge higher for the space, coupled with
tepid equity gains and the potential for re-opening delays in the U.S. on the
back of the well-documented protests/riots limited WTI on Monday,
- Elsewhere, questions around Iraqi deal compliance continue to do the rounds,
fuelled by the latest round of official production data from the country.
- API inventory estimates headline on Tuesday.
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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