Oil drops on the headline here
Reuters is out with headline here which echoes a little on what was said yesterday as well. The rhetoric so far today has been that most nations are talking up a cut of 1 million bpd so to move from that to no deal at all is pretty much worst-case scenario for oil at this point.
Oil dips to a low of $50.61 on the day, down by 1.3% currently.
