Ahead of next week’s highly-anticipated Organization of the Petroleum Exporting Countries (OPEC) meeting, “It’s up to OPEC countries to decide but the pressure is strong coming from non-OPEC countries, International Energy Agency (IEA) Chief Fatih Birol noted. Birol said that he hopes OPEC will make the right decision for themselves and the “very fragile” global economy. “There will be lots of oil in the market,” Birol added. “The US shale production growth will slow down due to the financial difficulties of shale producers.” Crude oil prices gained traction on these remarks and the barrel of West Texas Intermediate (WYI) was last seen trading at $5820, adding 0.55% on a daily basis. 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 EUR/JPY Technical Analysis: Upside appears capped by the 21-day SMA near 120.30 FX Street 3 years Ahead of next week's highly-anticipated Organization of the Petroleum Exporting Countries (OPEC) meeting, "It's up to OPEC countries to decide but the pressure is strong coming from non-OPEC countries, International Energy Agency (IEA) Chief Fatih Birol noted. Birol said that he hopes OPEC will make the right decision for themselves and the "very fragile" global economy. "There will be lots of oil in the market," Birol added. "The US shale production growth will slow down due to the financial difficulties of shale producers." Crude oil prices gained traction on these remarks and the barrel of West Texas Intermediate (WYI) was… 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.
