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What's next in oil markets

Worker at drilling rig
An oil-drilling outside of Midland, Texas. Photo: Brittany Sowacke / Bloomberg via Getty Images

After last week's losses, prices remain pretty volatile, as WTI was hovering above $60 again in pre-market trading, Reuters reports.

One key data point: "Data released Friday revealed the biggest weekly jump in the number of U.S. oil-drilling rigs since January 2017, contributing to concerns about a surge in U.S. production," MarketWatch notes.