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WTI & Brent operate around Tuesday's............>

OIL: WTI & Brent operate around Tuesday's settlement levels.
- Reports suggest that the latest API inventory report presented a smaller than
expected build in headline crude stocks, alongside a build in inventories at the
Cushing hub, a surprise drawdown in gasoline stocks and a smaller than expected
drawdown in distillate stocks.
- This comes after Russia intimated that its crude production has reached record
levels on Tuesday.
- Elsewhere reports pointed to the joint Saudi-Kuwait oil projects being stalled
by issues surrounding the role that Chevron will play.
- Focus turns to the Russian energy conference & weekly DoE inventory data on
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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