WTI Jumps Back Above $48 After OPEC Meeting Said To End “Successfully”

This is just becoming farce now…

1154ET – *OPEC COMMITTEE SAID TO DEFER ISSUE OF IRAN, IRAQ CUTS TO NOV 30

1436ET – *OPEC TECHNICAL MEETING ENDS, WAS SUCCESSFUL: OPEC STATEMENT

1436ET – *IRAQ GOV. SAYS `WE ARE AGREED AND HAPPY’ AFTER OPEC CMTE MTG

Having earlier seen half of OPEC say “no deal” or “unfair”, OPEC sources now say that the meeting has ended “successfully”… Whatever that means…

via http://ift.tt/2gey2AQ Tyler Durden

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