OPEC will boost output if Iran unrest/Venezuela crisis cause significant disruptions - RTRS

A senior OPEC official was on the wires in the last minute, via Reuters, saying that the cartel will decide to increase output only if the unrest in Iran and the economic crisis in Venezuela cause significant and sustained oil supply disruptions.

Meanwhile, WTI crude oil prices remained underpinned by Friday's lower US rig counts but was still below recent highs/$62.00 round figure mark.