Crude continues to trade at the top of the recent range, north of $40/bbl but concerns such as increases on the supply side and worries about demand recovery due to COVID-19 cases remain flying over the black gold, per TD Securities. Key quotes “After months of extremely deep market-driven and OPEC+ supply cuts, market expectations are starting to shift toward slight increases in shale output and tapering of the OPEC production cuts.” “The demand recovery remains a question amid new virus concerns, while headlines from China suggest that after a buying frenzy weak refiner margins could see teapot refiners reduce throughput by roughly 2m bpd.” “On the Canadian side of the border, crude could come under pressure as the US Supreme Court blocked construction of the Keystone XL pipeline in the US, which would delay the project into 2021, increasing the project’s risk profile ahead of the US election.” 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 Cryptocurrency Market Update: Bitcoin recovery stalled amid stock markets indecision FX Street 3 years Crude continues to trade at the top of the recent range, north of $40/bbl but concerns such as increases on the supply side and worries about demand recovery due to COVID-19 cases remain flying over the black gold, per TD Securities. Key quotes “After months of extremely deep market-driven and OPEC+ supply cuts, market expectations are starting to shift toward slight increases in shale output and tapering of the OPEC production cuts.” “The demand recovery remains a question amid new virus concerns, while headlines from China suggest that after a buying frenzy weak refiner margins could see teapot refiners reduce… 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.
