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OPEC Talks a Good Game

Posted on 15 April 2016

Perception is reality. That is how Qatar’s Minister of Energy could have kicked off the letter inviting his Norwegian counterpart to the upcoming freeze-fest in Doha, which Bloomberg published on Thursday. In the letter, the minister claimed that mere talk of a freeze had “changed the sentiment of the oil market.”
He’s right. Brent crude has rallied by almost 40 percent since the idea of an output freeze first surfaced in February. Despite very mixed signals about it from Saudi Arabia, Iran and others, this has been enough to scare the short-sellers straight………………………………………..Full Article: Source


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