OIL:
April WTI has fallen over $4 today from opening highs of $101.59 in early Asia to a low of $96.70, with recent rallies stalling into $98.20. A sustained break and close below $96.40 would be damaging to the recent run higher and point to a move below $92. But MENA tensions should be supportive for the oil price. Traders will be looking to tonight's API Data for direction on the WTI contract with analysts looking for a 2.1 million barrel build for the week ending 11 March. April crude trades around $97.47.
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