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Unlikely that OPEC and non OPEC can agree on output cut – Iraqi oil minister

FXStreet (Mumbai) - Iraqi oil minister Zebari said Iraq is willing to attend OPEC meetings being sought by Venezuela, but expressed doubts on whether OPEC and non-OPEC members can agree on production cuts.

Key Quotes

Iraq would only consider cutting output if all producers do the same

Oil prices could rebound in the spring on lower shale output

Oil: Largest inventory build-up in nearly two decades - BBH

Research Team at BBH, suggests that the most important development has been the unexpectedly large oil inventory build reported by the API ahead of today's government estimate.
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USD/CAD drops below 1.4100 ahead of FOMC

USD/CAD has now resumed its downside, quickly breaking below the key support at 1.4100 and posting fresh session lows at the same time...
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