Output cut of 4-4.5% to be debated next week - Reuters

Reuters sources

More from these "OPEC experts".

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  Recommend minister debate that an oil output cut of between 4% & 4.5% for each member be debated next week
  
  


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  Libya and Nigeria could be excluded from cuts
  
  


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  Sources say Iran, Iraq and Indonesia have reservations about a cut
  
  

Brent spiked to 49.15 on the cut talk but then dumped to 48.55 on the details.

We heard earlier that the Iraqi foreign minister was against any cuts so it might be a hard sell to others. This is also "to be debated" another time so there"s nothing really tangible to buy on here. All the same, at least we"re getting some of the finer details being discussed.      

Output cut of 4-4.5% to be debated next week - Reuters
Output cut of 4-4.5% to be debated next week - Reuters
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