Reuters recap of Thursday oil trading quotes an analysts saying:
- "A week or so ago oil seemed to be tumbling again, and now we've come back to a level where it seems to be stabilizing"
Given the sharp move overnight I'd be hesitant to call it a stabilisation, but no matter.
The tone of the overnight movement was set, according to Reuters, by:
- Saudi Energy Minister Khalid al-Falih said OPEC members and non-members would discuss the market situation, including any action that may be required to stabilize prices, during an informal meeting on Sept. 26-28 in Algeria.
ps - we have oil charts on site here at FXL:
Link is: https://www.forexlive.com/LiveCharts