OPEC could intervene in oil market if prices dip too far

<p>That's the view from RBC on the oil price drop. </p><p>Global head of commodity strategy at RBC Capital Markets spoke with CNBC on Thursday:
</p><ul><li>“I think OPEC is a different OPEC than in 2015. … I would anticipate, if we continue to see selling pressure over the next few days, if this looks like it is going to be a sharp sell-off potentially plunging into the 70s, I think we’ll at least start to hear very clear statements from OPEC about potentially coming back in,”</li><li>

“I think that this market remains stronger than this selling action would have us believe at the moment”</li></ul><p>Brent update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.