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Oil continued to firm in Asia-Pac trade on Monday, adding to Friday's gains. WTI futures rose above $75/bbl for the first time since July, overcoming a key bull trigger at $74.23. Brent now within less than a dollar from $80/bbl, focus shifts to the OPEC+ gathering next week for their next move on output.
- Primary drivers remain the expected tightness of the energy market across Winter, with a number of sell-side firms flagging the risks to prices should a colder-than-expected season drive energy demand and thereby prices higher.