Saudi Energy Minister: OPEC+ should remain cautious over output

“Oil producers shouldn't take the rise in prices for granted because the coronavirus pandemic could still hit demand,” Saudi Arabia Energy Minister Prince Abdulaziz bin Salman said in a Bloomberg TV interview over the weekend. 

Additional quotes

“OPEC+ should remain cautious over output.”

“Saudi Arabia wants to be a top supplier of hydrogen.”

Market reaction

WTI was last seen changing hands at $84, up 0.37% on the day.

• WTI pokes multi-month top near $84.00 despite sluggish sentiment