IEA's Birol: U.S. Oil Output Would Rise if Crude Hits $60

Bloomberg Video

Nov.30 -- After weeks of often tense negotiations, OPEC ministers gathering in Vienna expressed renewed optimism about salvaging a deal to cut oil production and prop up global prices. International Energy Agency Executive-Director Fatih Birol tells Francine Lacqua on "Bloomberg Surveillance" that it’s too early to say what the impact of OPEC’s discussions in Vienna will be on crude prices but if OPEC managed to push crude toward $60 per barrel, many more U.S. shale oil fields would be profitable.