OPEC is unlikely to change oil output in September to reverse the recent price fall unless the slide continues to below $80 a barrel, an OPEC source said on Tuesday.
Oil prices ended lower Thursday, pulling back from the previous day's rally, as disappointing data on the U.S. economy signaled further cutbacks in energy demand for the world's thirstiest consumer.
Oil prices are still abnormally high, and OPEC member nations should not cut supply if they continue to fall as the oil market is now in balance, OPEC President Chakib Khelil said on Tuesday.