WTI & Brent trade virtually unchanged vs........>

OIL: WTI & Brent trade virtually unchanged vs. settlement levels at writing,

sticking to sub-$0.30 ranges in Asia-Pac hours. This comes after both benchmarks

added ~$0.25 on Monday, in what proved to be a choppy, yet contained session for

crude. Participants also have one eye on the upcoming U.S. holiday-altered

schedule, which could impact flows ahead of month end. Looking to supply side

matters, Monday saw RTRS report that "production at Libya's Sharara oilfield is

stable at about 280-300K bpd and security within the field is good." Elsewhere,

U.S. refinery news garnered attention, with Marathon Petroleum's Lon Angele

facility experiencing an unscheduled breakdown, Further afield, Argus noted that

Iraq's Southern oil fields have been operating at ~25% for the majority of

November, in a bid to reaffirm the country's commitment to the OPEC+ production

pact, through working towards tighter adherence to quota levels.

- In terms of scheduling for the upcoming OPEC+ meeting, Monday saw Energy Intel

report that the JMMC and the OPEC meeting are now both scheduled for the 5 Dec,

while the JTC will be held on 4 Dec. The OPEC+ meeting is still scheduled for 6

Dec.