Iranian OilMin: Algiers meeting to exchange views, nothing more - RTRS

Amid a dozen of oil market headlines crossing the wires via Reuters, latest one is from the Iranian oil minister, squashing hopes of an oil output agreement to be reached this week in Algeria.

Key Headline:

Algiers meeting to exchange views, nothing more

Separately UAE oil minister was also quoted by Arabiya, as saying, ‘Capping oil output may be positive, easier than cutting.’

Russian OilMin: Hard to predict if Algiers meeting will produce agreement to stabilise oil mkt - RTRS

Reuters reports comments from the Russian oil minister, citing that its “hard to predict if Algiers meeting will produce agreement to stabilize oil mk
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USD/JPY trims early recovery gains

Having posted a session high near 101.00 handle, the USD/JPY pair lost its upside momentum and has now trimmed some of its recovery gains. Currently
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