Opec supply deal talks — 5 things to watch

Opec supply deal talks — 5 things to watch:
"Opec oil ministers from the 14-member producer group start their official meeting around 10am (GMT) on Wednesday in Vienna as they attempt to secure the first supply deal in eight years. Meetings traditionally last for between two and eight hours, but trying to predict the duration of such a gathering is near impossible. Oil traders will be glued to their screens throughout, with billions of dollars riding on the outcome. 

Opec ministers are holding a pre-meeting early Wednesday morning to try and smooth some remaining differences and set the tone for the rest of the day.

A news conference, known for its largely uncontrolled nature, will also give ministers a chance to voice their positions publicly to hordes of journalists before the formal discussions get under way."

'via Blog this'