Comments coming out of Vienna

Iraq

  • OPEC agrees in principle to 9 month extension
  • OPEC says it will monitor output cuts deal every three months

Saudi oil min

  • OPEC must do more because overhang remains
  • We’re entering a period of lower oil demand
  • Inventories have not reached comfportable levels

Iran

  • Most of OPEC favout an extension of at least 6 months, 9 max

All these comments are coming out from various OPEC delegates in and arouind the meeting. These are not the final decisions but doorstep comments.

You can watch the pre-meeting interviews live from OPEC.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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