The deadlock continues as members can't reach a consensus on Iran

Do be reminded that currently talks are only involving OPEC members. The next round of talks after this will then only involve Russia and other non-OPEC members.

While talks are seen stalling here, oil prices are racing to session highs on the day now. Oil is up by 0.7% currently to $51.90 levels. Expect plenty more volatility to follow in the coming hours.