Inventories higher but comments from Energy minister Novak turn the price around
Comments include:
- big chances of for OPEC to agree
- scenarios to reach oil market balance in shorter time.
- Possibility of meeting with Saudi Arabias Al Falih
- We agree on an output freeze
- Russia will support OPEC decision
The price of oil moved up from about $45.00 to near $46.50 ($46.41 was the high) on the headlines.
