Comments from the OPEC Secretary General
He sounds like a forex trader trying to talk away losses.
- We don't anticipate recession in global economy
- OPEC more optimistic on oil market than other agencies
- OPEC+ cooperation charter is not a treaty, it is for eternity
- OPEC statute is supreme to OPEC+ cooperation charter
WTI is down 59-cents to $58.49 today with Brent down 71-cents to $64.37. OPEC would really like to see Brent comfortably above $70.