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WTI & Brent have shed $0.20 and $0.30...........>

OIL
OIL: WTI & Brent have shed $0.20 and $0.30 respectively since settlement, with
risk assets marginally lower in the main, owing to the ongoing trade war &
geopolitical worry.
- Wednesday saw crude draw support from bullish API & DoE inventory reports,
which outweighed U.S. crude production hitting record levels in the most recent
sample week.
- Elsewhere, Morgan Stanley became the latest notable sell-side name to
downgrade its oil price forecasts based on lower demand estimates.
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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