Oil price did not move substantially after OPEC’s decision to cut production as investors are sitting to see Russia’s stance, strategists at Westpac report. Key quotes “On the bullish side, the potential for 600k of production cuts to offset lost demand in China appears to be on the table; on the bearish side, Russian resistance towards an emergency meeting means that any changes in production targets may not come until March.” “WTI is up 24c/ 0.47% at $50.98 having briefly traded above $52.” “Brent though failed to make gains on the day, closing down 25c at $55.03.” 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 China SAFE: Impact from coronavirus epidemic on economy is temporary FX Street 2 years Oil price did not move substantially after OPEC’s decision to cut production as investors are sitting to see Russia’s stance, strategists at Westpac report. Key quotes “On the bullish side, the potential for 600k of production cuts to offset lost demand in China appears to be on the table; on the bearish side, Russian resistance towards an emergency meeting means that any changes in production targets may not come until March.” “WTI is up 24c/ 0.47% at $50.98 having briefly traded above $52.” “Brent though failed to make gains on the day, closing down 25c at $55.03.” 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.
