Kuwaiti oil minister is on the wires saying that OPEC is ready to offset any shortage of the market by rolling back the output cuts. The price of crude oil has moved lower on the news and currently trades up around $2.85 at $61.35. The high price today was at $62.12. The low price was at $59.64.
This article was written by Greg Michalowski at investinglive.com.