Russia’s Novak: Still too early to say if OPEC+ output cut can be extended

Russia's Energy Minister Alexander Novak crossed the wires in the last hour and said that it is still too early to say if OPEC+ supply cut can be extended.

Meanwhile, the market reaction to Novak's comments turned out to be rather muted, with WTI crude oil sticking to its intraday gains of around 0.85% and holding steady near one week tops, comfortably above mid-$57.00s.