“Based on the recommendations of the OPEC+ Joint Technical Committee (JTC), the oil production should bu but by at least 500,000 barrels per day,” Iranian Oil Minister Zanganeh said on Wednesday, Reuters reported citing Shana News Agency. “Russia will resist until the last moment against reducing crude output,” Zanganeh added. “The oil market is facing a surplus. It’s necessary for OPEC, non-OPEC to put efforts together to balance the market.” Crude oil reaction The barrel of West Texas Intermediate (WTI) pulled away from its daily highs on these comments and was last seen trading at $47.45, adding 0.8% 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 Brazil: GDP to have a flat print – TDS FX Street 3 years "Based on the recommendations of the OPEC+ Joint Technical Committee (JTC), the oil production should bu but by at least 500,000 barrels per day," Iranian Oil Minister Zanganeh said on Wednesday, Reuters reported citing Shana News Agency. "Russia will resist until the last moment against reducing crude output," Zanganeh added. "The oil market is facing a surplus. It's necessary for OPEC, non-OPEC to put efforts together to balance the market." Crude oil reaction The barrel of West Texas Intermediate (WTI) pulled away from its daily highs on these comments and was last seen trading at $47.45, adding 0.8% on a daily… 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.
