Brent slipped 56 cents, or 0.62%, to $89.46 a barrel, WTI fell 63 cents, or 0.74%, to $84.73 a barrel.

India's overall oil and gas output rose 1.3% on the year to 1.15 million boe/d in 2023. China's upstream story sounds relatively more promising at this stage.

Brent climbed 51 cents, or 0.57%, to $90.25 a barrel, WTI rose 61 cents, or 0.72%, to $85.63.

While Urals has been above $60 almost all year, this month’s surge to well above $70 will stretch the credibility of those attestations for traders wanting to keep using western services.

Last week, OPEC+ said it would maintain its voluntary cuts until July. The cartel is expected to decide on its continued production cuts beyond then at its next full ministerial meeting scheduled for June 1.

#WTICrude OilPrice holds a two day declines and trades on high $84s/bbl price print after the API Report publications for the week stated that US oil stocks added 3.03m barrels last week, subtotalling towards the 3rd consecutive weekly addition prior to the EIA Report.

The Worldwide Rig Count for March was 1,793, down 20 from the 1,813 counted in February 2024, and down 86,from the 1,878 counted in March 2023.

Brent dropped $1.42, or 1.6%, to $89.75 a barrel, WTI was at $85.59 a barrel, down $1.32, or 1.5%.

The Committee also welcomed the announcement by the Russian Federation that its voluntary adjustments in the second quarter of 2024 will be based on production instead of exports.

Brent rose 20 cents, or 0.22%, to $89.12 per barrel, WTI climbed 17 cents, or about 0.2%, to $85.32 a barrel.

Brent rose 23 cents to $86.98 a barrel, WTI climbed 28 cents to $82.23.

US sanctions on Iran have not worked as intended, in part because comprehensive sanctions are so difficult to remove that they no longer motivate Iran to change its behavior

Brent climbed 32 cents, or 0.4%, to $85.66 a barrel, WTI was up 40 cents, or 0.5%, at $81.44.

OPEC has consistently reaffirmed its commitment to oil market stability and security of supply, including through its Members holding spare capacity at their own cost in case of any unforeseen global oil supply disruptions.

Brent rrose 46 cents, or 0.6%, to $82.38 a barrel, WTI gained 47 cents, or 0.6%, to $78.03.