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WTI trades $0.10 lower at writing, with Brent...>

OIL
OIL: WTI trades $0.10 lower at writing, with Brent up $0.10.
- Friday saw the major crude benchmarks settle a touch higher, reversing some of
Thursday's sharp decline.
- There was little in the way of crude specific headline flow on Friday, outside
of Nigeria's Forcados pipeline resuming flow and a slight dip in active U.S. oil
rigs, according to the latest Baker Hughes weekly rig count.
- Weekend news flow saw RTRS report that "German shipping firm Bernhard Schulte
Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil
tankers to collect on late payments owed to it by the state-run oil company,
according to a document seen by Reuters and sources close to the decision."
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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