OPEC reportedly agrees to keep its output quota unchanged at 30M bbl/day and that "member...

|By:, SA News Editor

OPEC reportedly agrees to keep its output quota unchanged at 30M bbl/day and that "member countries would, if necessary, take steps (including voluntary downward adjustments of output) to ensure market balance and reasonable price levels." OPEC's actual production in recent weeks has been closer to 31M-32M bbl/day. WTI +0.7% to $83.25/bbl.