Energy Update

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(Wed, 22 Jun 2016) Weekly U.S. commercial crude oil inventories have increased by more than 71 million barrels (15%) since the end of September, pushing crude oil storage capacity utilization to a near record high of 73% for the week ending June 10.

BENGALURU, June 22 (Reuters) - Business sentiment at
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.

BENGALURU, June 22 (Reuters) - Business sentiment at
Asia-Pacific's biggest companies rose in the second quarter of
2016 to its highest in a year, but firms were wary about risks
stemming from rising corporate debt in China and volatile oil
prices, a Thomson Reuters/INSEAD survey showed.

* KOSPI set for a fourth positive session
* Won holds steady ahead of Brexit vote

OSLO, June 22 (Reuters) - Workers on Norwegian offshore oil
drilling rigs signed a new wage deal early on Wednesday,
avoiding a strike, labour unions and employers said in separate
statements.

UNITED NATIONS, June 21 (Reuters) - Confusion over command
and control and rules of engagement marred a response by United
Nations peacekeepers to deadly violence in a U.N. compound in
South Sudan sheltering nearly 50,000 civilians, the world body
said on Tuesday.

* ETE seeks to back out of deal that has become less
attractive

June 21 (Reuters) - Elon Musk's Tesla Motors Inc
said on Tuesday it has made an offer to acquire solar panel
maker SolarCity Corp in an all-stock deal worth as much
as $2.8 billion, as the electric car maker looks to get into the
market for sustainable energy for homes and businesses.

* Nigeria rebels deny agreeing to ceasefire pact

(New throughout, updates prices and market activity to
post-settlement trade after big crude draw cited by API)

June 21 (Reuters) - Electric car maker Tesla Motors Inc
said it had made an offer to acquire solar panel maker
SolarCity Corp in an all-stock deal.

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