Kuwait OilMin: OPEC compliance with production cuts in Feb was 140% - RTRS

Kuwait's Minister of Oil Essam Abdul-Mohsen Al-Marzouq was on wires, via Reuters, noting that OPEC members’ compliance with production cuts in Feb was at 140%, while non- OPEC compliance was between 50-60%.

Meanwhile, WTI crude oil extended the bearish slide and is now place at session lows near $52.60 region, with a cut of nearly 1%.