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Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said in a local media outlet that they will support any decision by the OPEC and its allies (OPEC+) about future oil output policy.

He denied the Reuters report, citing that Iraq and other countries were debating if they should roll over existing cuts into 2021.

WTI regains the $36 mark

WTI is once again attempting recovery above $36, having hit a daily low of $35.36 in early Europe.

  • Kuwait supports any OPEC+ decision on oil supply policy
  • WTI recovers from four-month low as Kuwait denies division in OPEC+ on output cuts