MORNING CALL: CRUDE 110.77 -0.02%; COTTON 95.86 +0.28%; BDI 753 -3.95%

Brent crude prices were broadly unchanged during the Asian session. Oil prices were supported earlier in the day on better than expected US economic data. US core durable goods orders rose 2.1% month on month versus forecasts of a 0.9% rise. Oil also found support on news that Australian oil output may have been cut by a quarter due to Tropical Cyclone Iggy.

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