OPEC, Non-OPEC Oil Producers Plan Informal Meeting In Istanbul: Reuters

By MarketsMarketWatch Pulse

Members of the Organization of the Petroleum Exporting Countries plan to meet with other major oil producers from Oct. 8 to Oct. 13 in Istanbul to discuss details surrounding OPEC's preliminary pact to cut crude-oil production, Reuters reported late Wednesday. The news agency cited comments from Algerian Energy Minister Nouredine Bouterfa to local Ennahar TV, in an interview scheduled to be broadcast on Thursday. November West Texas Intermediate crude traded at $49.76 a barrel in electronic trading, down from the settlement at $49.83. December Brent crude traded at $51.77 a barrel, also down from the earlier $51.86 settlement.

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