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IEA To Confirm Oil Market Not Oversupplied in Q2: Commerzbank

OIL

The IEA is expected to confirm in the next report that the oil market is not oversupplied in the second quarter, after the extension of the OPEC+ cuts, Commerzbank said in a note.

  • "This should support the oil price, as should the ongoing supply problems via the Red Sea," it said.
  • The next IEA Monthly Oil Market Report will be published on 14 March.

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