Weekly Fundamentals - OPEC Crippled

While not having high hopes on OPEC since the failed Doha meeting, market participants were inevitably disappointed by the Vienna meeting held last Thursday. The members failed to reach an agreement to put a ceiling on production as Gulf producers, led by Saudi Arabia, reinforced that prices should be determined by the market.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-opec-crippled-2016060533046/