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Rig, CFTC Data; Nigeria Raises Qua Iboe OSP 3/16/2018
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OIL MKT DRIVERS: Rig, CFTC Data; Nigeria Raises Qua Iboe OSP

By Alex Longley

(Bloomberg) --

Summary of what@apos;s shaping the oil market on Friday: String of data due later, including rig counts which fell for the first time in 7 weeks last week. Positioning figures also due. Nigeria raises OSP for April loadings of Qua Iboe crude to 19-month high.

* WTI crude sentiment mixed, analysts say in weekly survey

HEADLINES:

* Nigeria raises April Qua Iboe selling price to 19-month high
* NOTE: Qua Iboe loadings set to fall m/m in May on maintenance
* Azerbaijan exported less oil, more natgas y/y in January
* Eni forecasts 4% production increase in 2018
* Novorossiysk speeds up oil loadings preparing for 3-day storm
* Bloomberg Dollar Spot index falls 0.2%, European equities trade slightly higher

DUE LATER:

* Baker Hughes weekly oil rig count, 1pm ET
* ICE, CFTC weekly commitments of traders report for Brent, gasoil and various U.S. futures and options contracts due later

To contact the reporter on this story:
Alex Longley in London at alongley@bloomberg.net

To contact the editors responsible for this story:
Alaric Nightingale at anightingal1@bloomberg.net
Rachel Graham
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