- Speaking at the "Oil & Money" conference in London, Saudi Arabia oil minister Khalid Al-Falih says many non-OPEC countries (Russia?) may join in the cartel's deal to limit output. The countries, he says, are willing to not just freeze, but implement healthy cuts.
- Also in attendance at the conference, Exxon CEO Rex Tillerson says any worry of a future supply shortage is overblown, thanks to the game-changer of U.S. shale.
- Texas Tea is higher by 1.3% this morning to $50.95 per barrel. USO +1.05% premarket
- ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX