Oil Holds Steady As OPEC Meets To Talk Slipping Compliance

Oil prices were steady early on Monday morning, searching for
a catalyst for direction while OPEC is holding a meeting of its
Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the
cartel and friends’ compliance with the output cuts. At 9:15am EST,
WTI was at US$48.42 and Brent was at US$52.47. Two weeks ago, OPEC
held a meeting with some of the producers and cited its members
Iraq and the UAE, as well as non-OPEC signatories to the deal
Kazakhstan and Malaysia, as laggards in compliance. The market is
now awaiting any news, hints,…

Oil prices were steady early on Monday morning, searching for
a catalyst for direction while OPEC is holding a meeting of its
Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the
cartel and friends’ compliance with the output cuts. At 9:15am EST,
WTI was at US$48.42 and Brent was at US$52.47. Two weeks ago, OPEC
held a meeting with some of the producers and cited its members
Iraq and the UAE, as well as non-OPEC signatories to the deal
Kazakhstan and Malaysia, as laggards in compliance. The market is
now awaiting any news, hints,…