WTI crude prices were already fading this morning, after a subdued day yesterday, but the first major headline from Vienna has sparked further weakness as Reuters reports that Saudi Arabia has told OPEC it will not attend a meeting with non-OPEC producers on Monday.
Reuters reports that Saudi Arabia wants a deal agreed before they will agree to send anyone to the NOPEC talks.
For now the reaction is modest (even with a heavy volume spike)
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