Crude oil prices fell on doubts about the ability of oil producers to reach agreement on production cuts, per ANZ Bank. Key quotes “Saudi Arabia and Russia continue to hammer out a deal. Reports suggest they are focused on a three-month cut to output, although volumes have not been discussed. What is clear is that the US must be involved.” “President Trump said he hasn’t been approached by OPEC yet. But following his meeting with oil executives over the weekend, the likelihood of them agreeing to a voluntary cut to output looks unlikely.” “The market is coming to view that even with a sizeable cut to global supply, the market will remain in a significant surplus following the collapse in demand.” 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 USD/CNH now seen re-testing the 7.0350 level – UOB FX Street 2 years Crude oil prices fell on doubts about the ability of oil producers to reach agreement on production cuts, per ANZ Bank. Key quotes “Saudi Arabia and Russia continue to hammer out a deal. Reports suggest they are focused on a three-month cut to output, although volumes have not been discussed. What is clear is that the US must be involved.” “President Trump said he hasn’t been approached by OPEC yet. But following his meeting with oil executives over the weekend, the likelihood of them agreeing to a voluntary cut to output looks unlikely.” “The market is coming to view that… 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.
