Fresh Highs as Concerns About Further Cuts from Saudi Arabia Linger

OIL PRICE FORECAST: Oil Continues to Advance as Supply Concerns and a Potential Rebound in Demand Keep Prices Elevated. Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024. IG Client Sentiment Shows Traders are 64% Net-Short on WTI at Present, Down from 79%