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WTI & Brent sit at virtually unchanged levels...>

OIL
OIL: WTI & Brent sit at virtually unchanged levels at writing, holding to ~$0.20
ranges in Asia hours.
- This comes after WTI shed ~$0.35 & Brent gave back ~$0.45 on Monday, despite a
modest uptick in U.S. equities. On the supply side we learnt that the North Sea
Buzzard oilfield may re-open ion Friday/Saturday, per a RTRS sources on Monday.
Also worth flagging that the chief of Libya's NOC expressed some worry over fuel
officials' decision to secede, which could have knock on effects for crude
supply. This came via in an interview with the WSJ.
- Elsewhere, Monday saw the U.S. Tsy extend a waiver which allows Chevron & 4 US
oil service firms to operate in Venezuela, escaping the clutches of the
well-publicised U.S. sanctions.
- Tuesday will bring the release of the latest API crude inventory estimate.
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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