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

OIL: WTI & Brent have lost a few cents apiece overnight, with modest pressure

creeping in on the back of broader risk-off flows.

- Monday saw crude tumble on the back of a tweet from U.S. President Trump,

which suggested that current crude prices are too high, and asked OPEC to "relax

and take it easy."

- Monday also saw the release of a WSJ source piece suggesting that "Saudi

Arabia and others in OPEC are likely to back a continuation of oil-production

curbs when the group meets in April," pushing back against Trump's demands.

- Earlier in the day, official data revealed that Russia fell short of its OPEC+

output cut pledges in February.

- Elsewhere, the Chair of Libya's NOC arrived in the UAE to "meet with a number

of Libyan and international parties to discuss the Sharara oilfield crisis."

- Also worth highlighting freshly announced strike action is set to hamper crude

production in the North Sea over the coming weeks.

- Focus now moves to the latest round of weekly API crude inventory estimates,

due late Tuesday.