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WTI & Brent hover around unchanged levels at....>

OIL
OIL: WTI & Brent hover around unchanged levels at writing.
- This comes after the benchmarks registered gains of over $1.00 apiece on
Monday.
- Saturday's Yemeni drone strike (covered on Monday) on Saudi's Shaybah oilfield
(which didn't harm production at the 1mn bpd facility) coupled with a buoyant
day for U.S. equity markets supported crude in the first session of the week.
- Elsewhere, the latest round of JODI data pointed to a continued reduction in
Saudi crude exports during the month of June.
- Focus Tuesday turns to the latest round of API inventory 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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