Heads up for oil traders. Ummm, its nearly the weekend.

Author: Eamonn Sheridan | Category: News

But seriously, though ... a heads up for traders of oil - look out for weekend comments on the black stuff

This is the most recent: OPEC ready to cooperate on cut - UAE energy minister

Adam posted that and warned, quite rightly, "Be very careful with these OPEC headlines"

            Reuters have followed up with a tad more:

The energy minister of the United Arab Emirates said OPEC members are ready to cooperate on a production cut, although non-OPEC producers are holding off on output increases amid current prices, the Wall Street Journal reported on Thursday.

As for the weekend, I can't recall a weekend recently where we haven't got market-moving oil-related comments hitting the screens. Its starting to smell a bit more positive. Or at least not so doom-laden.

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