OPEC deal could be extended if all major producers cooperate - Reuters

Reuters OPEC sources story

  • OPEC could extend or deepen supply cut at May meeting if oil stocks are still too high

  • OPEC/Non-OPEC supply pact could be extended is all major producers show effective cooperation

Three guesses which way oil has gone on those headlines?

Brent trades to 56.05 from 55.77.

To be honest, it's a bit early for these types of comments so real notice will be taken sometime around late March into April. Expect the comments to pretty much be the same as above.

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