Nigeria's oil minister says OPEC may hold emergency meeting

Cool, I did not know countries have OIL Ministers!

Guess that explains the 20pip Aussie spike

And why should they be alarmed over the cost of oil progressing further towards the price area that is totally reasonable considering the cost of production? Have not the Oil Barons gouged the world enough already? Or, has the taste of glutenous past price gouging increased their greed factor to where they feel "disadvantaged" at prices that are anything less than outright thievery?

BLAH,,, and the price drops to exactly where it was originally before the news .. This better go back up again to 62 on Brent

Is a false-flag and the market is forecast to weaken again in the near future.

Another OPEC giant is going to pour cold water (or HOT oil) over this oil minist

Whatever, these guys are already hedged. They just want to keep hedging at a better price.

The problem is demand and they know it. And doesn't it cost them more to turn off the flow and idle?

Just keep filling up those offshore tankers to manipulate the price. At least it kind of looks like someone wants your oil when you do that.

A country that has Oil flowing like river should definitely have Oil Minister Bro...

strange comment might have a meeting

The "Nigerian OPEC Meeting Rumor" scam via @zerohedge

That's why Greece is poor. It doesn't have an oil minister to manage its biggest resource, its oil. It is the third biggest producer of ....olive oil (60% of Greek land is cultivated for olive growing).

That's bad for a country like Nigeria who take oil to be the major source of Revenue. Nigeria is crashing economicall!