Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As we await another weekly dose of U.S. inventory data, all we can hear are bullish snores amid a bearish pause (paws?). Hark, here are five things to consider in oil markets today: 1) Last week we discussed how the loadings of certain Nigerian crude grades were on the rise, although still lagging year-ago levels. Our ClipperData below illustrate how export loadings of light sweet Qua Iboe crude are still lagging compared to 2015 levels, although having rebounded from lows made late last year. Exports of Qua Iboe averaged 330,000 barrels per day in 2015, before dropping to 220,000 bpd last year. Loadings through the first two months of this year have now dropped below 200,000 bpd. For Nigerian production (and exports) to rebound, grades […]