An oil supply cut would likely be dependent on non-OPEC participation including the US, which in effect, is happening already given the difficult conditions facing producers, strategists at Rabobank apprise. Key quotes “We see strong support for a global coordinated cut to occur, as in effect, it is already happening.” “We see scope for higher oil prices in the near-term should a global production deal come to fruition.” “The speculative interest is largely ’short’ at the moment including trend followers, momentum traders, and ‘carry’ strategies. These ‘shorts’ are now at risk of giving back a large portion of recent gains should a global supply cut be put in place but much will depend on how quickly the virus-related demand losses begin to recover in the weeks and months ahead.” 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 growth forecast revised down to -1.2% – Rabobank FX Street 2 years An oil supply cut would likely be dependent on non-OPEC participation including the US, which in effect, is happening already given the difficult conditions facing producers, strategists at Rabobank apprise. Key quotes “We see strong support for a global coordinated cut to occur, as in effect, it is already happening.” “We see scope for higher oil prices in the near-term should a global production deal come to fruition.” “The speculative interest is largely ’short’ at the moment including trend followers, momentum traders, and ‘carry’ strategies. These ‘shorts’ are now at risk of giving back a large portion of recent gains… 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.
