Oil futures markets are open for the week's trade, with a gap higher on the OPEC+ news over the weekend:
- OPEC+ to raise output by 137k bpd
- There were persistent reports and rumors last week that OPEC was considering raising 400-500k bpd to accelerate the wind down of the 'voluntary' phase of cuts. Instead, this pace stretches the return of barrels over the course of a year.
