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Oil is trading lower Monday in Asia, Sunday evening US time

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Brent and WTI both lower by around $1

Positives for the price include:

  • robust demand – mobility data is rising in Europe and the US
  • still relatively and tight supplies

Negatives:

  • Rising coronavirus cases, slow vaccination rollouts in much of Asia is impacting mobility

 Rollercoaster for oil continues although it has been higher on trend 

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