Sources: Gulf oil producers did not agree on need for oil output increase at Tuesday meeting - Reuters

Reuters two familiar with the talks, citing that the Gulf oil producers did not agree on the need for oil output increase at Tuesday’s technical committee meeting.

This headline reaffirms the OPEC headlines reported by TASS earlier today.

Key Notes

OPEC Meeting: Will oil production rise and by how much?

On June 22nd and 23rd, energy ministers from the OPEC (Organization of the Petroleum Exporting Countries) and ministers from countries outside the organization will meet in Vienna to discuss future oil policy. 

Iran’s OilMin: OPEC meeting likely to end with no agreement on oil output

CNBC reports the latest comments from the Iranian Oil Minister Bijan Zanganeh, as he speaks about the likely outcome of the June 22nd OPEC meeting held in Vienna.

Oil bumps up on US inventories decline, WTI pokes back into $65

Crude oil is catching some lift in Wednesday trading with WTI creeping into the $65/barrel handle as the US inventories deliver a slight drawdown.