Analysts at Danske Bank point out that the oil market has had to digest a lot of news this week as at the beginning of the week the market had to cope the effect of oil-related sanctions on Iran. Key Quotes “Yesterday, news broke that OPEC+ (the corporation between OPEC and oil producers outside OPEC, including Russia) will meet on Sunday to discuss a common strategy for the oil market in 2019, as the current agreement to cut production ends this year. Apparently, an extension of production cuts is on the table.” “The news provided some temporary support to oil prices yesterday. However, that support vanished when the weekly US inventory report confirmed the large stock build last week, as reported by API on Tuesday. So far this week, the price on Brent crude has traded in the range of USD71.2-73.5/bbl.” 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 Forex Today: US dollar extends post-US election recovery ahead of FOMC decision FX Street 4 years Analysts at Danske Bank point out that the oil market has had to digest a lot of news this week as at the beginning of the week the market had to cope the effect of oil-related sanctions on Iran. Key Quotes "Yesterday, news broke that OPEC+ (the corporation between OPEC and oil producers outside OPEC, including Russia) will meet on Sunday to discuss a common strategy for the oil market in 2019, as the current agreement to cut production ends this year. Apparently, an extension of production cuts is on the table." "The news provided some temporary support to oil… 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.
