- Saudi Arabia indicates that OPEC and other oil producers will continue managing global crude supplies to avoid a surplus. - Oil claws back some gains after last week's heavy losses as deepening U.S. trade wars fanned fears of a global economic slowdown. - The prospect of a cut in Norway's oil and gas output if workers go on strike from June 4 also supports prices. Oil prices rose on Monday after reassurances from top oil exporter Saudi Arabia offered some respite from last week's heavy losses as deepening U.S. trade wars fanned fears of a global economic slowdown. Saudi, the de-facto lead...