Crude Oil Update : Kuwait Oil Minister says

Kuwait Oil Minister reported saying,
- OPEC will need to cut oil production again if prices fall sharply
- Believes current US crude price of $61pb is 'very comfortable'
- Does not believe OPEC should cut output if current prices hold
- Crude oil stckpiles are 'high'

Main watch today is Crude Oil Inventories which will be main focus in relation to Precious Metals.