It's all about oil today with the OPEC meeting getting underway.

Right now, the black stuff is shooting higher with the arriving delegates signalling a high degree of confidence that a deal to cut output can be reached.

Iran says it's optimistic. Saudi says it's getting close to a deal.

But this is OPEC. And the day is young.

Find yourself a nice big pinch of salt.

If they don't come to a deal, a decline further below 50 dollars per barrel for Brent seems inevitable.

But for now, oil, oily currencies, and oily stocks are all performing well.

The days of the big markets news comes from the Bank of England,

which has put UK banks through their paces in a fresh round of stress tests.

State-backed RBS failed, prompting the need for a new plan to boast the capital by at least 2 billion pounds.

While standard Chartered and Barclays also struggled.

BoE governor Mark Carney said that US politics rising bond deals and the risk of a bumpy Brexit, are all intensifying risks to UK financial stability.

Be warned. In response after a slow start, shares in RBS has down 4%