OPEC wary on tumbling oil prices

The organization may meet ahead of scheduled meeting as prices fall below suggested target price per barrel.

“The fast and deep drop in the oil market in the last week is worrying oil producers,” a senior OPEC delegate told Reuters.

“There are consultations and discussions among some OPEC ministers,” he said. “Consultations are on different opinions about the market, making sure there is strong implementation and commitment to supply cuts and discussing different ideas about further action if there is a need for it.”
CNN