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US EURODLR FUTURES

BLOCK, Red Pack

PIPELINE

Corporate Debt Recap, World Bank Exp Wednesday

EURGBP TECHS

Resumes Its Downtrend

GBPUSD TECHS

Corrections Remain Shallow

OIL
OIL: WTI and Brent sit ~$0.10 below their respective settlement levels, holding
a very narrow range in Asia-Pac hours. This comes after the benchmarks lodged
modest gains on Thursday, chopping about within the recent ranges amid a lack of
conviction.
- The latest DoE inventory data revealed a 'surprise' build in headline crude
stocks, a decent build in stocks at the Cushing hub, a sharper than expected
drawdown in gasoline inventories and a 'surprise' build in distillates.
- BBG reports have noted that the owner of the Dakota Access oil pipeline "is
continuing to accept scheduled shipments for next month and has made no moves to
take it offline."
- Elsewhere, tensions in Libya remain evident. Argus Media noted that "Libya's
state-owned NOC today lifted force majeure restrictions at the Es Sider export
terminal, but its attempts to load crude onto a waiting tanker were stymied by a
militia group." Further afield in the country, BBG sources noted that "a
technical issue at Libya's Sarir oil refinery forced it to stop operating
forcing Messla oilfield (30K bpd) to halt its production."