UAE Energy Minister Suhail Mohamed Al Mazrouei said on Tuesday, “UAE are committed to the OPEC deal lasting until the end of 2023.”
“More worried about supply than demand for next year.”
“The US SPR release won’t shock the market.”
WTI is paying little heed to the latest comments by the UAE Energy Minister. The US oil is keeping its range trade intact around the $79.50 level, consolidating the previous decline from two-week highs of $80.75.