Looking ahead to this week, crude is expected to seek immediate direction from stock markets and the greenback until the closely watched Employment report which should provide further guidance.

直至雇用报告公布前，本周原油预测需要从股市和美金方面寻求方向。

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"I'm talking to all of the players this week and looking ahead to what we can do with them and what we need them to do over the summer, " he added.

BBC: McGhee hopeful of Fair Play berth

Assuming no legislation is passed to alter the cuts this week, sources in both parties say they are already looking ahead to the next big deadline on March 27, when the funding for the government runs out.

CNN: Top Senate Republican doubts damage from defense cuts