Saudi Arabian Energy Minister: OPEC+ is flexible enough to change decisions whenever required

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, “OPEC+ is flexible enough to change decisions whenever required.”

Last week, Saudi Arabian Energy Minister said the current OPEC+ deal on oil output would be locked in until the end of the year, adding the oil group can't increase output based solely on initial signals.

Market reaction

WTI is keeping its upbeat momentum intact on the above comments, rallying 1.08% on the day to trade at $77.35, as of writing.