OPEC producers: No plan to continue with voluntary oil cuts – Reuters

According to the latest headlines floating on the wires, via Reuters, OPEC producers have no plan to continue with their 1.180 million bpd voluntary oil production cuts beyond June.

Given that no further details were available yet, the headlines did little to influence oil prices. WTI crude oil was last seen trading with daily gains of around 1% near the $40.00/barrel mark, or three-month tops.