OPEC has agreed to a deep cut proposal for the broader cartel as all eyes are on Russia as a 1.5m bpd cut would need a nod from OPEC’s allies in order to materialize, strategists at TD Securities report. WTI trades at $46.57. Key quotes “Saudi is mulling adding to its voluntary production cuts, which could constitute a positive surprise if the agreement is struck.” “While today’s talks do not include the OPEC+ ministers, Novak’s decision to leave the city without supporting an agreement was interpreted as a strong signal to energy markets that Russia opposed a deep cut.” “The collapse in market prices may well have triggered the Putin-put — particularly as the failure to reach a deal would have significant impact on energy markets.” “The bar for further CTA buying in WTI and Brent crude is still elevated — trend followers are more likely to be active in products on an OPEC positive surprise.” 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 EUR/USD remains bid and approaches 1.1200 FX Street 2 years OPEC has agreed to a deep cut proposal for the broader cartel as all eyes are on Russia as a 1.5m bpd cut would need a nod from OPEC's allies in order to materialize, strategists at TD Securities report. WTI trades at $46.57. Key quotes “Saudi is mulling adding to its voluntary production cuts, which could constitute a positive surprise if the agreement is struck.” “While today's talks do not include the OPEC+ ministers, Novak's decision to leave the city without supporting an agreement was interpreted as a strong signal to energy markets that Russia opposed a deep cut.” “The… 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.
