- Oil prices have regained some ground as a result of an oil worker strike in Kuwait that has reduced output to 1.1M barrels per day from 2.8M.
- The gains may be short-lived. Russia's Deputy Energy Minister Kirill Molodtsov has told reporters the country is considering raising its production this year, and a level of 540M tonnes of crude is "quite realistic," following the collapse of the Doha deal.
- Brent +1.4% to $43.49/bbl; WTI +1.1% to $40.21/bbl.
- ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM