Russia's energy minister Novak: May be open to discussing Russia production increase by 1M barrels

Will discuss at the next OPEC meeting

Russia's Novak is saying that they may be open to discussing increasing Russian production by 1 million barrels at the next OPEC meeting.

The price of oil is down -$0.37 or -0.54$ at $68.63. The low just reached $68.54. The price is also below the 100 and 200 hour MAs at $69.30 and $68.75 respectively. That is now risk for shorts.