Oil Holds Steady As OPEC Meets To Talk Slipping Compliance

OilPrice.com ------- Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the cartel and friends’ compliance with the output cuts. At 9:15am EST, WTI was at US$48.42 and Brent was at US$52.47. Two weeks ago, OPEC held a meeting with some of the producers and cited its members Iraq and the UAE, as well as non-OPEC signatories to the deal Kazakhstan and Malaysia, as laggards in compliance. To learn more click on the picture below to read the article.