Quote:
Originally Posted by Simon96Taco
UAE Energy Minister says OPEC is willing to discuss a production cut:
http://www.cnbc.com/2016/02/11/us-markets.html
Not sure if this is very meaningful yet, as "willing to discuss" and "discussing" are two different things. Also, I don't know who he is (or thinks he is) speaking on behalf of when he made these comments.
Nonetheless, the comments did spark a rally and oil pulled back much of today's losses on the news. |
Quote:
Originally Posted by stampsx2
And it still closed at $26. Starting to wonder if oil will be free soon.
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Its up over 5% in Asian trading now though. All the way up to $27.57.