CRUDEOIL UPDATE
# WTI crude futures traded at $80 per barrel, reaching high levels not seen since November.
# OPEC and allies extend voluntary production cuts until June end.
# Saudi Arabia extends 1 million barrels per day output cut until Q2 end.
# Russia trims production and export supplies by 471,000 bpd.
# Iraq and UAE reduce output by 220,000 bpd and 163,000 bpd, respectively.
# Middle East uncertainty and ongoing Houthi attacks add a risk premium to oil prices.
# WTI crude futures traded at $80 per barrel, reaching high levels not seen since November.
# OPEC and allies extend voluntary production cuts until June end.
# Saudi Arabia extends 1 million barrels per day output cut until Q2 end.
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# Russia trims production and export supplies by 471,000 bpd.
# Iraq and UAE reduce output by 220,000 bpd and 163,000 bpd, respectively.
# Middle East uncertainty and ongoing Houthi attacks add a risk premium to oil prices.
