Hitting the wires now
Discussions in Algeria should lay the groundwork for an agreement
An increase in demand in recent months alongside future demand strength and a drop in supply will be the grounds for prices to strengthen
There's one part of that equation I just don't get. Can you guess which part? ;-)
A "supply management" agreement sounds even less bullish than a freeze agreement, and that's not even a bullish deal.
It's been worth about 20 tick to Brent though.