Commodity Report: Crude Oil Price Forecast [Video] Oil prices have pulled back from their highest levels in two months on Friday. Ongoing uncertainty over whether the United States and China will be able to reach a partial trade deal has been the main driver. Read more”¦ Market Wrap: Christine Lagarde, dire PMIs and oil prices We’ve been quite struck by the resurgence in oil prices over the past two days. WTI crude oil futures are back near two-month highs. It has been interesting to see petrol prices gain while other markets sensitive to the US-China trade war lose out. We are interpreting this pickup in oil prices as a refocus on supply-side issues in the lead up to the OPEC meeting in December. The price action implies more than we have seen in the news flow. Reports in recent days have suggested OPEC+ will extend its output cuts at its upcoming meeting. We think an extension was already priced in so markets might be positioning for deeper output cuts. Read more… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI extends the bullish consolidation above $ 58, US data eyed FX Street 3 years Commodity Report: Crude Oil Price Forecast [Video] Oil prices have pulled back from their highest levels in two months on Friday. Ongoing uncertainty over whether the United States and China will be able to reach a partial trade deal has been the main driver. Read more"¦ Market Wrap: Christine Lagarde, dire PMIs and oil prices We've been quite struck by the resurgence in oil prices over the past two days. WTI crude oil futures are back near two-month highs. It has been interesting to see petrol prices gain while other markets sensitive to the US-China trade war lose… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
