UAE Energy Minister: optimistic oil market will achieve balance in 2018 - RTRS

UAE Energy Minister Suhail Al Mazrouei, was out on the wires in the last hour, via Reuters, saying that optimistic oil market will achieve balance in 2018.

Key quotes:

   •  Optimistic about future of the market
   •  Oil market needs "major investments"

The market, however, reacted little to the comments, with WTI crude oil trading with a mild negative bias below $64.00/barrel mark.