Weekly Market Recap (04-08 March) ...Middle East

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MondayOver the weekend we got the news that OPEC+ will extend the voluntary output cuts for another quarter. Saudi Arabia will extend its voluntary cut of 1 million bpd through the end of June as well with cuts to be reversed 'gradually', according to market conditions. Russia's Novak said cuts of 471k bpd will continue through Q2. This was expected after a Reuters report earlier in the prior week. The Switzerland February CPI beat expectations slightly although the Core measure fell further:CPI Y/Y 1.2% vs. 1.1% expected and 1.3% prior. CPI M/M 0.6% vs. 0.5% expected and 0.2% prior. Core CPI Y/Y 1.1% vs. 1.2% prior. Fed’s Bostic (hawk – voter) delivered some hawkish comments as he leans tow

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Weekly Market Recap (04-08 March) ...Middle East

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