After the last few days melt-up in WTI because “an OPEC deal is certain,” it seems Iraq is ready to spoil the party once again. Sending WTI (Jan17) tumbling from over $49 to a $47 handle, Reuters reports, Iraqi Foreign Minister Ibrahim al-Jafari told reporters, “it would not be fair for us to cut oil output.”
via http://ift.tt/2gdA2cz Tyler Durden