“Coronavirus has led to a decrease in oil demand and to an imbalance between demand and supply, and in this OPEC meeting we will need to discuss this issue,” Iranian Oil Minister Zanganeh said on Thursday, per Reuters citing Shana News Agency. “The amount of oil production cut is not agreed yet, must be discussed,” Zanganeh added. “We will try to find a way to help the oil market stabilize.” Crude oil reaction The barrel of West Texas Intermediate (WTI) edged lower on these comments and was last seen losing 1.15% on the day at $46.60. 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 drops below $47 despite OPEC seen approving significant oil output cut FX Street 2 years "Coronavirus has led to a decrease in oil demand and to an imbalance between demand and supply, and in this OPEC meeting we will need to discuss this issue," Iranian Oil Minister Zanganeh said on Thursday, per Reuters citing Shana News Agency. "The amount of oil production cut is not agreed yet, must be discussed," Zanganeh added. "We will try to find a way to help the oil market stabilize." Crude oil reaction The barrel of West Texas Intermediate (WTI) edged lower on these comments and was last seen losing 1.15% on the day at $46.60. 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.
