Monday's reports suggesting that the............>

OIL: Monday's reports suggesting that the OPEC/Non-OPEC production cut received

record compliance in February supported Crude. WTI & Brent last trade around

$0.20 cents higher at $62.30 & $66.25 respectively.

- US shale production still clouds the outlook for the cartel and its partners,

with markets awaiting Tuesday's API crude inventory estimate, in front of

Wednesday's DoE release.

- From a technical perspective, support emerging on WTI's dips back towards

$59.18-91 provided the impetus for a close above the 21 & 55-DMAs on Friday,

with focus now on $63.05. Bulls need a close above $64.07 to return focus to

2018 highs with the Bollinger band top ($63.61) their key concern. Bears now

need a close below $61.45 to ease bullish pressure and below $59.18 to hint at a

move back to $54.10-55.90.