OPEC will consider more oil cuts in May

|By:, SA News Editor

Global macroeconomic numbers have responded "positively" to the agreement between OPEC and non-OPEC producers to pare output, according to OPEC Secretary General Mohammad Barkindo.

Crude-producing countries will decide in May whether to extend their collective output cuts beyond the first half of the year, he added, stating OPEC isn't targeting a specific price for crude.

Crude futures +0.2% to $52.34/bbl.

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