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WTI trades unchanged, while Brent has added.....>

OIL
OIL: WTI trades unchanged, while Brent has added $0.50, after reports pointed to
draws across the board in the latest round of API oil inventory estimates.
- WTI bulls took comfort in support emerging ahead of the 100-DMA ($66.40) and
the $65.89 support. Bulls still need a close above the 21-DMA ($69.84) to shift
initial focus back to $70.60-71.13. Daily studies correcting from oversold add
support to the bullish case. A close below $67.21 is now needed to buy bears
breathing room.
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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