Russia discusses option of delaying OPEC+ taper until Q2

Oil higher on the headline

Oil higher to $35.26. Importantly, we’re now into this week’s opening gap.
Crude closed at $35.78 on Friday and we’ve now nearly closed the entire 6% decline from when the market opened. It was prompted by lockdowns and reports that Libya has brought production back online faster than anticipated.
Given what’s happening in Europe, the odds that OPEC tapers are dwindling.