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Russia shoots down chatter of May oil producer meeting

Novak says no agreement of meeting in May

Iraqi deputy oil minister told Bloomberg earlier that OPEC and other producers would meet in Russia, possibly in May.

Novak could simply be playing coy here. Just because there is 'no agreement' doesn't mean there have been no talks.

Meanwhile, oil is absolutely crushing the shorts with prices surging since the inventory data. That's been a brutal trade because almost all the headlines have been oil-negative.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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