OPEC is unlikely to cut oil output at Dec meeting if non-OPEC countries don't participate

Senior Guld OPEC delegate

He adds:

• commercial oil inventories in international markets are higher than average. Expect to go down next year.
• Oil prices are under pressure from high inventories.
• Oil stocks expected to go down in early 2016: price is likely to start rising
• Global demand for oil remains healthy
• China's economic growth not affecting crude demand

WTI is trading at $45.75 down -1.25% on the day.

The high price for the day extended to $46.65. The low reached $45.55 so far.