UAE oil minister out on the wires from London. Again. 22 Feb
- OPEC no longer solely responsbile for fixing oil market
- we are not targeting a price, we are targeting a balance
- we are not seeing the right level of investment at current oil price
- increase in trust being seen between OPEC/non-OPEC producers
A freudian slip in the use of "fixing" word methinks.
Is it me or does this guy pop up more often than most to offer a word or two?
Anyhow, oil prices continue a gentle rise from earlier lows after yesterday's decent retreat.
WTI $61.40 from $61.00. Brent $65.06 from $64.06
