Reuters reporting a statement from Saudi oil official 22 May
- will discuss extension of OPEC-led output cut
- the two ministers will discuss how to boost prices and reduce glut in global market
The lobbying continues ahead of this week's meeting/decision on the 25th
Latest talk from Saudi and Russia is for a 9month extension.
On Friday I reported the panel meeting discussing "deepening and extending oil output cuts"
WTI currently $51.09 just off $51.20 session highs. Brent $54.05 from $54.19.
USDCAD 1.3527 off 1.3507 Asian lows
