Further positive commentary for oil if nothing else

  • Keen to keep prices stable and oil markets well supplied
  • Will monitor markets to assess the needs at the next OPEC meeting

Iraq has always been seen as a wildcard in the OPEC+ deal talks but the headline comment will at least provide some relief that they're not planning to stage a mini-coup in the upcoming talks in mid-May. Oil is trading higher today by 0.3% to $66.10 currently with Brent gaining by nearly 1% above $75 at the moment.