Iran president in Paris with comments on the flavour of the day/week/month
- expects producers to restore balance in the short-term
"The price of oil is at a low level. I don't think it will last in the long term. The pressure on oil-producing nations means a balance will be restored in the short term."
Says a man who's country is currently releasing an extra 500k bpd since sanctions were lifted.
More talk of potential action helping to underpin oil prices.
Brent currently $33.64 after gains to $33.99 and WTI $32.61 from $32.81 highs.
USDCAD getting suitably pinged around. Currently 1.4079 finding a few bids below 1.4050. Offers/res still into 1.4140.
Breaking News:
Lunch with Hollande called off because French team refuse to take wine off the menu
I kid you not. Sacre Bleu!
