• OPEC April oil output at highest level since Sept 2012

  • rose by 160k bpd to 31.2m

  • 2015 call on OPEC crude reduced by300k bpd to 29.2m

  • global oil supply grew 32m bpd in April yy

  • OPEC's battle for oil market share " has only just begun"

Latest monthly report from the International Agency out a short while ago

More deets here

Brent currently $67.92 after a couple of spikes above $68.00 so far this session