WTI & Brent have stuck to right ranges in.......>

OIL: WTI & Brent have stuck to right ranges in Asian hours, and last deal $0.10

& $0.20 lower respectively, adding to the marginal losses incurred on Wednesday.

- The weekly DoE data pretty much confirmed what we had seen in the API estimate

on Tuesday evening (barring a draw for distillate stocks, although this was

still smaller than exp.), also revealing that U.S. crude production eased by

~100K bpd in the latest week.

- Comments from Russian Energy Min Novak then pressured crude, as he noted that

it is to early to make a decision on the extension of the OPEC+ deal, adding to

the cautious comments made by Russian Finance Min Siluanov at the weekend. Novak

then suggested that talks on the matter will likely get underway next month,

with a focus on the balance of the oil mkt, as opposed to prices. He then

confirmed that Russia's April crude production will adhere to OPEC+

requirements. Late Wednesday, Libya's NOC chief highlighted that the country's

internal conflict is threatening operations, while RTRS sources suggested that

Spain's Repsol has halted its oil deal with PDVSA, owing to U.S. pressure.

- Baker Hughes rig count data will hit today, owing to the Easter weekend.