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West Texas Intermediate oil futures fell on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose to the highest level on record last week. Adding to that, Saudi oil minister Ali al-Naimi said late on Tuesday that Saudi output would likely remain around 10 million barrels per day (bpd) after posting a record high of 10.3 million bpd in March. Naimi also said the kingdom stood ready to 'improve' prices but only if producers outside the Organization of the Petroleum Exporting Countries (OPEC) joined the effort. Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran, just days after Tehran and world powers reached a framework

Singapore: Demand was average and avails fine. The earliest dates for deliveries were from 10-11th April.

Fujairah: Avails are fine. Earliest deliveries were possible, depending on supplier barge schedules.

Istanbul: Avails are fair. Earliest deliveries from 9-10th of April onwards, according to barge schedules.