OPEC's Barkindo sees growing confidence that oil producers will extend output pact beyond 2018

OPEC gen sec out with latest comments 12 April

• sees market rebalancing in Q2-Q3 of 2018, earlier than previous f/c of end 2018
• Russia will continue to play key role in future market rebalancing
• initial draft of OPEC/non-OPEC cooperation extension to be discussed at June meeting

Oil prices nudging higher on the headlines after earlier retreat. WTI $66.85 from $66.50