"Iran will not give up its right to
research and development because this is against the wishes of the Iranian
people."
-Algerian oil minister Chakib Khelil said
ahead of the OPEC meeting in Vienna later Wednesday as it is expected that
OPEC has agreed to leave current production unchanged for the time being.
|
"I cannot see the
price of Brent being allowed to spend much time below $60 a barrel and the
funds will think that $60 a barrel is still cheap oil."
- A London-based broker said Thursday after
a recent drop in open interest due to funds liquidating their positions. |
|
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