WTI & Brent have stuck to sub-$0.30 ranges in...>

OIL: WTI & Brent have stuck to sub-$0.30 ranges in early Asia-Pacific hours, and

last trade a touch softer than their respective settlement levels. This comes

after WTI shed around $0.40 on Thursday, while Brent managed to lodge marginal

gains.

- Familiar matters have been addressed in the recent round of headlines covering

the crude space.

- Impending supply shocks are on the radar. The leader of Libya's eastern forces

has declared a march on the capital, Tripoli, with forces in the west moving to

shore up the ruling government.

- Elsewhere, BBG sources have suggested that the recent Venezuelan electricity

issues "briefly slashed the country's crude production by half," pointing to

periods of <600K bpd in production terms. Meanwhile local reports have

highlighted a pipeline explosion in the country's Anzoategui state.

- Finally, RTRS sources have suggested that Saudi Arabia is "threatening to sell

its oil in currencies other than the dollar if Washington passes a bill exposing

OPEC members to U.S. antitrust lawsuits."