OPEC Cut Deal More Uncertain as Iran and Iraq Refuse to Join

Crude oil prices had a volatility day as the preliminary OPEC meeting in Vienna has increased the uncertainty for an output deal next week. Prices initially extended the rally on reports suggesting that the members were proposing a -4.5% cut for most countries. This would result in faster output reduction than the proposal first outlined in September.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/opec-cut-more-uncertain-as-iran-and-iraq-refuse-to-join-2016112333873/