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