My instinct tells me that a deal of production cut is undoubtedly being discussed and it isn't just sweet pillow talk...high probability that certain action will be taken soon!

There are rumours and then there are hints. Yes...indicators are still pointing towards a long term of oil glut but history had repeatedly shown that oil price was never just about supply and demand...

PS...i read news, i know facts, my fun hobby is to google for most updated oil price news on daily basis...i read hundreds of opinions of analysts (both negative and positive)...i know budget deficits of OPEC nations, i am aware of cost price of oil production for each party...and yes, i have just finished reviewing OPEC monthly oil report..... So my deduction is based upon all of the above information.

Something massive is coming prior to OPEC shcedule meeting in June.

Warning....even if deal of production cut has surfaced...there will still be ups and downs
Previous cooperation between Non Opec and Opec had never been smooth as silk...but short term outlook is clear target of minimum $40

Im omw to Airport...GB / sorry for typing in Eng)

We will know soon...before April 2016 (my estimation)