WTI plunged again as Saudi Arabia instructed Aramco to keep production at 12.3m barrels per day. News for the sector continued to deteriorate, economists at ANZ Research inform. Key quotes “The market took little comfort central bank policy measures to lessen the economic impact. However, it was ongoing supply-side concerns that really pushed crude prices lower.” “The Saudi Ministry of Energy directed state-producer Saudi Aramco to continue to supply crude oil at levels of 12.3mb/d over the coming months. Russia, a key member of that agreement also appears to be battening down the hatches.” “The collapse in Brent crude below USD25/bbl has resulted in several OPEC members calling for new action. Iraq urged the group to hold fresh talks to address the crisis. For the moment, key members Saudi Arabia and Russia have rejected those calls.” 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 GBP/JPY consolidates in a range, comfortably above 125.00 mark FX Street 2 years WTI plunged again as Saudi Arabia instructed Aramco to keep production at 12.3m barrels per day. News for the sector continued to deteriorate, economists at ANZ Research inform. Key quotes “The market took little comfort central bank policy measures to lessen the economic impact. However, it was ongoing supply-side concerns that really pushed crude prices lower.” “The Saudi Ministry of Energy directed state-producer Saudi Aramco to continue to supply crude oil at levels of 12.3mb/d over the coming months. Russia, a key member of that agreement also appears to be battening down the hatches.” “The collapse in Brent crude below… 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.
