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"OPEC and non-OPEC oil producers plan an informal meeting in...

  1. klu
    737 Posts.
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    06/10/16
    17:53
    Post #: 19677263
    "OPEC and non-OPEC oil producers plan an informal meeting in Istanbul Oct. 8-13".

    http://www.cnbc.com/opec/

    That will be a strong tailwind for oil.  It also says 'the Algiers deal to cut output would be in force for up to a year'.  'One year' is interesting, because it may scare off a quick come-back for the US shale and offshore drillings.
    ORG Price at posting: $5.59 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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