Oh, Vienna

(Bloomberg) The meeting of OPEC and its allies moved into its second day in Vienna after Russian resistance scuppered an output-cut deal yesterday. Today’s talks focus on curbing production by 1 million barrels a day, led by OPEC members to the tune of 650,000 barrels. So far, oil traders seem to be humming ‘this means nothing to me’ with Brent crude futures holding around $60 a barrel this morning while West Texas Intermediate languishes close to $51.