OIL FUTURES: Crude rebounds after UAE affirms commitment to OPEC+ monthly increases

Crude oil futures were higher in mid-afternoon Asian trade March 10 after the UAE’s energy minister affirmed the Gulf state’s commitment to OPEC+ monthly production increases, contradicting a UAE top diplomat’s call for higher OPEC output, which led to an overnight price slump. At 4:20 pm Singapore time (0820 GMT), the May ICE Brent futures contract was up $5.20/b (4.68%)…