OPEC Sec Gen Barkindo: Talks underway for concensus on supply cut extension

Looks for supply cuts before November 30 meetingOPEC Sec. Gen. Barkindo is on the wires. He says:

  • Talks under way to achieve consensus on supply cut extension before November 30 meeting.  Looking to extend duration. 
  • No participants object to the idea of extending the pact beyond March 2018
  • In the process of inviting other participants to join us at November 30 meeting… He does not name the countries invited

WTI crude oil futures are trading down $.32 at $57.02.Brent crude oil is trading down $.53 at $63.74. Article Source

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