The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0121 GMT – Oil rises in the morning Asian session. There seems to be technical-related buying after oil’s recent sell-off sent it into oversold territory, ANZ Research analysts say in a research note. OPEC’s recent announcement of deeper production cuts should also support physical balances but market participants will likely need to be convinced before any of these reductions are priced in, the analysts add. Front-month WTI crude oil futures and Brent crude oil futures are each 0.4% higher at $69.63/bbl and $74.36/bbl, respectively. (ronnie.harui@wsj.com)
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