The bulls might get what they 're waiting for in June if Opec decides to maintain Movement.flat or even increase Situation_deteriorate supply restrictions Cause.movement.down.loss , thus providing support for higher Movement.up.gain oil prices .

Sharp cuts Cause.movement.down.loss in Saudi Arabia 's oil sale price to Asian customers on Wednesday suggested that the world 's largest oil producer will accept lower Movement.down.loss prices to maintain Movement.flat market share .

The cartel , which pumps a third of the world 's oil , has said it is happy with global oil prices and is expected to maintain Movement.flat its production target at 30 million bpd .

Oil prices have collapsed Movement.down.loss this year as the Organization of the Petroleum Exporting Countries opted to maintain Movement.flat the same level of output despite a global glut Oversupply caused by expanding Grow.strong U.S. shale output and diminished Slow.weak demand growth from China .

U.S. crude is expected to maintain Movement.flat $ 110 a barrel , Spooner forecast .

Oil prices have collapsed Movement.down.loss this year as the Organization of the Petroleum Exporting Countries opted to maintain Movement.flat the same level of output despite a global glut Oversupply caused by expanding Grow.strong U.S. shale output and diminished Movement.down.loss demand growth from China .

U.S. crude is expected to maintain Movement.flat $ 72.83 a barrel , Spooner forecast .