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By the Oil Desk at Freight Investor Services Ltd.

Brent closed up 0.38 Friday to $50.19 and WTi closed at $48.24 up 0.41. We're at the $50 handle but I still think we will swing between $45 and $50 whilst various snippets of news surfaces regarding the apparent OPEC "deal". All I know is that OPEC production is at a 20-year high, demand isn't increasing, the rig count increased by 7 last week and most countries within the OPEC block are looking to increase production. It will be an interesting week. Good day.

Economic data/events

* 9am: Markit eurozone manufacturing PMI for Sept. F, est. 52.6 (prior 52.6)

* ~12pm: ICE weekly commitments of traders report for Brent,gasoil

* 1:30pm: Bloomberg forecast of U.S. waterborne LPG exports

* 2:45pm: Markit U.S. manufacturing PMI for Sept. F, est. 51.4 (prior 51.4)

* 3pm: U.S. Aug. construction spending m/m, est. 0.3% (prior 0.0%)

* 3pm: U.S. Sept. ISM manufacturing PMI, est. 50.3 (prior49.4)

* Today: North Sea Brent, Forties, Ekofisk loading programs for Nov.

* Today: Bloomberg est. of OPEC Sept. crude production to be published today or Tuesday; will shed light on national jockeying ahead of proposed production cut

* China 'National Day' public holidays, lasting through Friday

Singapore 380 cSt

Nov16 - 265.50 / 267.50
Dec16 - 265.25 / 267.25
Jan17 - 265.00 / 267.00
Feb17 - 265.25 / 267.25
Mar17 - 265.75 / 267.75
Apr17 - 266.25 / 268.25
Q1-17 - 264.75 / 267.75
Q2-17 - 266.75 / 269.75
Q3-17 - 268.75 / 272.75
Q4-17 - 271.50 / 275.50
CAL17 - 267.75 / 271.75
CAL18 - 279.25 / 285.25
CAL19 - 292.75 / 300.75

Singapore 180 cSt

Nov16 - 271.25 / 273.25
Dec16 - 271.25 / 273.25
Jan17 - 271.00 / 273.00
Feb17 - 271.25 / 273.25
Mar17 - 272.00 / 274.00
Apr17 - 272.25 / 274.25
Q1-17 - 270.75 / 273.75
Q2-17 - 273.25 / 276.25
Q3-17 - 275.25 / 279.25
Q4-17 - 278.50 / 282.50
CAL17 - 274.50 / 278.50
CAL18 - 287.75 / 293.75
CAL19 - 301.75 / 309.75

Rotterdam 3.5%

Nov16 249.00 / 251.00
Dec16 247.50 / 249.50
Jan17 249.50 / 251.50
Feb17 250.50 / 252.50
Mar17 251.50 / 253.50
Apr17 252.50 / 254.50
Q1-17 250.00 / 253.00
Q2-17 253.00 / 256.00
Q3-17 255.25 / 259.25
Q4-17 257.50 / 261.50
CAL17 253.25 / 257.25
CAL18 264.50 / 270.50
CAL19 277.25 / 285.25

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