Too early to talk about extension of OPEC deal - Novak

On Friday, Russian energy minister Alexander Novak said that it's too early to talk about an extension of OPEC deal and Russian output cut reached 156k bpd so far.

More from Novak (via Reuters)

  • Oil market has balanced
  • Oil stocks on global markets are seen to continue to fall
  • Must wait until quarter end to make decision on production pact

IMF looking for ways to join to the Greek bailout - BBG

According to Bloomberg, IMF is close to joining a Greek bailout with a €3-6bn bailout loan.
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WTI tumbles below $49 amid Novak comments

Oil prices came in under heavy pressure following the comments from Alexander Novak and once again fell below $49, erasing all of its daily gains. At
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