International Energy Agency chief Fatih Birol speaking to Reuters

  • Provided demand remains robust and key producers continue their existing policies
  • Market is already on its way towards rebalancing
  • Up to OPEC to decide what they are going to do
  • Prices above $60 is a good number for most oil investments to be profitable

On the day, WTI crude is down 0.95% to $57.56. Meanwhile, brent is down 0.88% trading at $63.28.