te - 24 Feb Classification: Public OIL A relatively quiet day in the crude market today, with both crudes settling around 20cents below yesterday. Newswise, in the North Sea, we had another strong window with forties settling at the highest level since June 2014. And Libya's noise continued as the Sari

e marginal seller which took us from the 60s to the 40s has been the non oil specialist macro. As they stopout, we basically are coming full circle. Newswise, Baker Hughes oil rig counts dropped again by 82, 79 of which were horizontal! This is significant as horizontal rigs produce the most output. The B

on and resting 50$ BRE again. However, we failed to break it and rallied towards u=changed for the close, perhaps off the back of some index buying. Newswise, Feb Azeri BTC loadings will be up=a whopping 11% m/o/m to 821kbd. Interestingly, there is apparently some fl=ating storage interest happening as we