UAE repeat that oil output cuts will continue until the end of 2018

UAE energy minister repeating previous comments 19 March

The stance is taken as read but what happens after 2018 is still open to conjecture and I'm sure suitably fraught ongoing talks.

Meanwhile oil prices well contained again for the moment after decent rallies on Friday.

WTI $62.33 currently in a $62.00-50 range. Brent $66.12 trading $65.80-66.30

What do our oil traders make of current levels ? Buy/sell ?

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