Livesquawk carrying a Reuters report quoting sources
- Some OPEC delegates in the Gulf are concerned about price drop
- Gulf delegates still see higher Q4 demand supporting prices
- rebuffs call for an emergency OPEC meeting
Nothing really new here and it seems that OPEC aren't about to panic any time soon
Is their mission to undermine the US fracking industry as some say? Dangerous game if so and weaker oil price has plenty of negative effects as well as positive.
WTI has recovered a little poise to climb above $41.00, after holding strong support at $40.00 but still plenty of rally sellers around
