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Iran supports cooperation between OPEC members to stabilise prices

From news.forexlive.com

The comments from the OPEC delegate meeting to Iran are filtering out The Iranian oil minister has said he's in support of actions to stabilise prices but there's been no news that they're going to join in, which wasn't expected anyway. Perhaps a wasted trip for the fun bus of OPEC delegates, maybe they got some cheap duty free goods as a bonus. Oil hasn't really reacted one way or another. The next OPEC meeting isn't until June so that's a huge amount of time for headlines and other deals to come together. Just from recent news, if I had to guess an outcome, it would be that the production freezes get set in stone ... (full story)

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  • Category: High Impact Breaking News