Comments coming from the OPEC press conference
Typical, the meeting finished early and the presser is underway
- OPEC must accept a new reality of oil below $100
- There is an agreement from all OPEC ministers to adhere to oil production ceiling
While the decision to keep production levels as is is being taken as bullish by the market these comments are not, although it's talk and not action. Brent still remains on the highs at 62.62