WTI & Brent trade around unchanged levels,......>

OIL: WTI & Brent trade around unchanged levels, sticking to tight ranges ahead

of the holiday break after lodging small gains on Monday.

- To-recap, Monday saw Russian Energy Minister Novak state that the OPEC+ group

"can consider any options, including gradual easing of quotas, including

continuation of the deal. Everything will depend on how the situation develops

in March and on the forecasts for the following quarters. At the moment, the

situation is more or less stable on the market."

- Participants will be on the lookout for the inking of a deal between Saudi &

Kuwait re: the resumption of crude output from the shared neutral zone (this

would not result in higher net supply, but a reallocation). RTRS sources have

pointed to the deal being signed at some point today.