OPEC may hold emergency meeting if Oil drops below $30# Stock
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原油可能要爆，大家稍微等等，别急着割。
FXStreet (Bali) - OPEC may hold emergency meeting if oil prices drop below $
30 per barrel, Reuters reports, quoting Nigerian oil minister.
The Nigerian oil minister said "even current prices create the need for a
meeting", adding that "the objective of the meeting would be to review
policy and see if there is a need to change strategy."
At present, both brent crude and WTI Oil are trading under heavy pressure,
in line with the dominant bear trend, around $30.50 mark, which suggests
that the potential emergency meeting might happen anytime. Despite calls by
the Nigerian oil minister, OPEC has been adamant to agree on holding these
type of meetings, in a sign that interest to work towards a formal change of
strategy remains low.
FXStreet (Bali) - OPEC may hold emergency meeting if oil prices drop below $
30 per barrel, Reuters reports, quoting Nigerian oil minister.
The Nigerian oil minister said "even current prices create the need for a
meeting", adding that "the objective of the meeting would be to review
policy and see if there is a need to change strategy."
At present, both brent crude and WTI Oil are trading under heavy pressure,
in line with the dominant bear trend, around $30.50 mark, which suggests
that the potential emergency meeting might happen anytime. Despite calls by
the Nigerian oil minister, OPEC has been adamant to agree on holding these
type of meetings, in a sign that interest to work towards a formal change of
strategy remains low.