• IPE Brent futures in London moved lower on the expectations of a build in crude stocks in the US stock data reports out later Wednesday and on news that Shell's 120,000 b/d EA field could soon resume production.
• US oil inventory data due to be released on Wednesday by the Energy Information Administration and American Petroleum Institute are expected to show a 1.3 million barrel build in commercial crude stocks, according to analysts surveyed by Platts Tuesday.
 
•Nigerian oil minister Edmund Daukoru Tuesday said Shell's EA shallow water field is billed to resume production of 120,000 b/d within the next week. Daukoru had earlier Tuesday told Platts that restart of the more than 600,000 b/d of oil output shut in following the crisis in the Niger Delta would "still take a while."

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