WTI trades $0.10 higher at writing, with........>

OIL: WTI trades $0.10 higher at writing, with Brent dealing $0.20 better off.

This comes in the wake of relatively sharp losses Monday, as doubts crept in re:

the ability of OPEC+ to deliver its proposed production cuts.

- A stronger USD also pressured crude late Monday, after a shaky risk backdrop

applied pressure in early dealing (there was little sign of a notable bid in oil

to accompany the recovery in U.S. equities).

- Libya supply/export issues were also evident early this week.

- Focus moves to the weekly API crude inventory estimate, due later today, with

median exp. looking for a headline crude drawdown of ~2.75mn bbls in this week's

DoE inventory data, due Wednesday.