UAE oil minister quoted on Bloomberg via Twitter 23 May

  • optimistic about oil talks
  • supports extension of agreement for another term and will support what helps market recovery at meeting

" We are optimistic about the statements and the meetings held between the Saudi-Russian sides"

The list of extension supporters is growing. We'll find out for sure at Thursday's OPEC/non-OPEC meeting.

WTI currently $50.92 after finding support at $50.80 from the $51,20 dip.

USDCAD 1.3485 near session lows still as oil continues to support the CAD.

Oil cut deal extension likely