Saudi Arabia surprised its Asian oil customers on Tuesday by telling them it would maintain or slightly increase crude supplies next month, another sign that OPEC's most influential member will urge the cartel to refrain from further output cuts when it meets this weekend. On Monday the Saudi-owned al-Hayat cited a senior source as saying the world's top oil exporter would urge OPEC to comply with existing curbs before considering more output cuts at its March 15 meeting. Crude Oil is currently trading at $47.10 as of 9:30am, GMT. The current pool position on Crude is 36% on the buy side, thus most Finotec traders short on crude, yesterday 15,968 contracts were traded.
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