Saudi's Naimi says OPEC share of the oil market will increase

Saudi oil minister speaking to India's Economic Times

• Says drop in US oil drilling rigs deployed by shale producers won't stop economic producers prevailing

Last week's Baker Hughes rig count showed another drop in rig numbers

Things are still going sideways in oil markets but WTI is looking to make a break up from the short term range. 47.15/20 and then 47.50 mark the levels to get above

WTI H4 chart