UAE says OPEC+ could mull deeper cuts if 1.2 mbpd not enough - ConsultFX

UAE says OPEC+ could mull deeper cuts if 1.2 mbpd not enough

OPEC not happy about the drop in oil prices Brent finished on Friday down 53-cents to $53.82. That's a 15-month low and down from $87 in October. The drop is putting heavy pressure on OPEC budgets and officials are attempting to jawbone prices higher.