Over to oil
- Wanted a freeze at current production levels
- Saudi's warmed to idea but would not participate unless Iran joined in
- Iran said "jog on" to production cuts
A sources close to the matter story from Reuters. They obviously phrased the last comment slightly differently ;-)
Brent is sitting near the 30.05 days lows. For once it's being upstaged by happenings in USDJPY
WTI made the break under 27.60 and has been as low as 26.20 today
