Comments from Iraq's oil minister ahead of the OPEC+ meeting
- Additional cut is required
- Cut proposal will be real
- Additional oil cuts of 400K bpd not final
- 1.2mbpd cut is not enough
- Slower demand is bigger impact next year than non-OPEC supply
- Deeper cut is needed because of slowing demand
These numbers are mixed in with the private oil inventory data and oil is bouncing around in a 20-cent range.
