Impressive turnaround for crude
For three consecutive days crude has traded below $44 per barrel but it's rebounded in each day and now it's trading at a session high, up $68-cents to $45.09.
The gains come as Reuters reports that OPEC compliance with cuts was at 97%. However, Libya and Nigeria, which are exempt, led to a rise in total production to 32.47 mbpd from 32.14 mbpd.
The official numbers are due Wednesday.