Comments by Iraq's oil minister

  • Says oil prices of $60 to $65 per barrel are 'relatively comfortable'
  • OPEC meeting in April will decide whether to extend output cuts until year-end
  • Says that Iraq is committed to OPEC deal

Well, he's certainly got his wish as oil prices are performing well today with WTI now looking like it's going to break away towards the $60 handle. Brent is also performing well holding near $68 currently and that's above than the "comfort" level stated by Al-Luaibi above.