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WTI & Brent sit around unchanged levels after...>

OIL
OIL: WTI & Brent sit around unchanged levels after sticking to extremely tight
ranges in Asia-Pac hours.
- This comes after both benchmarks lodged modest gains on Monday, in the wake of
an uptick in Chinese economic activity data & the phase 1 Sino-U.S. trade deal
(however lacking the details may be).
- Monday also saw the EIA point to shale production rising by 29K bpd in
January, which would result in record production levels of 9.14mn bpd.
- Looking ahead, the latest API inventory estimate will draw attention when it
is released later on Tuesday.
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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