Energy prices remained range-bound and volatile, as the market gauges OPEC members' intention regarding the output cut deal. While not exempted from the Ageria proposal, Iraq indicated that it wanted to be excluded from output cuts as it needed more money to fight ISIS. Iraq produced 4.77M bpd last month and is the second largest OPEC producers after Saudi Arabia.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/hopes-of-opec-cut-dented-as-iraq-seeks-exemption-2016102533754/
Hopes of OPEC Cut Dented as Iraq Seeks Exemption
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