OPEC+ meeting may happen this Thursday

Russia has no objection to the following OPEC+ meeting being added forward to June 4 from the following week, resources advised Reuters, in a move that might facilitate oil sales for nations like Saudi Arabia, Iraq and Kuwait.

"We would possibly see a careful pullback in (crude) fees for the reason that downstream prices haven't caught up... but if OPEC+ does provide you with a three-month extension, there's a possibility that costs can also hit the $forty level," said OCBC economist Howie Lee.

North America deliver is likewise falling as records from Baker Hughes showed that the U.S. And Canada rig counts dropped to a record low in the week to May 29.