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WTI & Brent hover around $0.25 better off.......>

OIL
OIL: WTI & Brent hover around $0.25 better off than their respective settlement
levels, ticking away from Thursday's late lows, with the positive tone for the
Asia-Pac session helping in relatively limited trade for the space.
- Yesterday's weakness ahead of settlement more than reversed a decent enough
round of intraday gains, with two consecutive rounds of negative settlement now
lodged for the complex after a week of solid gains.
- A reminder that yesterday saw Saudi Aramco trim its discounts for June OSPs,
with an increase in market share secured on the back of the recent heavy
discounting and crude prices away from lows, for now.
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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