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Oil Surges As "OPEC Production Cut" Headlines Make Triumphal Return

Here we go again...OIL PRODUCERS MEETING TO REVIVE OUTPUT FREEZE PROPOSAL: IRAQ

Seriously - are we really going to start this again!???

  • *OPEC, OTHER PRODUCERS TO MEET IN RUSSIA POSSIBLY IN MAY: IRAQ
  • *IRAQ SEES OIL PRICES RISING SLOWLY DESPITE DOHA TALKS OUTCOME
  • *IRAQ OIL EXPORTS TO STAY AT 3.9M B/D IN MAY: DEP. OIL MINISTER

Of course the algos love it...

 

Of course, it is perhaps a little odd that this meeting in Russia wasn't mentioned this morning by Russia's Novak who instead noted that Russia was never going to cut outpout!!