Saudi Arabia and Russia on Wednesday said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices. The Saudi and Russian statements come hours before a ministerial monitoring panel of the OPEC+ group of leading oil producers convenes online later on Wednesday. The panel, called the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted but sources have told Reuters it is unlikely to tweak current oil output policy. Oil prices continued a downward trend directly following the news with Brent futures falling $1 to $89.92 a barrel but they were trading at $90.40 a barrel by 0854 GMT. O
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