JP Morgan is on the lookout for OPEC+ to increase its output cuts into H2 of this yr

More:

• Keep their oil price forecast unchanged (high $80s/90 through may,
  $85 thereafter)
• Maintain bullish
  risk bias around base-line oil price view but flag that it might
  shift back to neutral were the US-Saudi security deal to succeed

Oil has been dribbling lower:

This article was written by Eamonn Sheridan at www.forexlive.com.