Oil is trading BOJ-style as the Algiers meeting continues

WTI crude hits session high as meeting extends over four hours

There's no clear timetable for when the Algiers meeting might end. It's nearing 7 pm local time.

WTI crude is at a session high, touching $46.03 as oil shorts get jittery. Monday's high of $46.21 is resistance.

With the Bank of Japan, the rule of thumb is that the longer it goes, the more will be announced.

With the meeting in Algiers going so long, you have to imagine they've found some common ground.