The oil price will continue to react to talks between producers about production cuts. The US is key, with President Trump reluctant to commit to meaningful output cuts, strategists at ANZ Bank inform. Key quotes “Prices recovered some of the early losses, as both Russia and Saudi Arabia suggested they would be willing to cut production but only if the rest of the world followed suit.” “Trump’s meeting with oil executives over the weekend painted a picture of an industry that doesn’t want to give up what it built over the past decade.” “With US Energy Secretary, Dan Brouillette, holding productive talks with Saudi Arabia and Russia, the market is hopeful of some sort of agreement.” “The reality of an oversupplied market was evident on the release of EIA’s weekly report. Inventories in the US rose 13.83mbbl last week, much higher than expected.” 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 AUD/USD jumps to 0.6200 neighbourhood, 1-week tops FX Street 2 years The oil price will continue to react to talks between producers about production cuts. The US is key, with President Trump reluctant to commit to meaningful output cuts, strategists at ANZ Bank inform. Key quotes “Prices recovered some of the early losses, as both Russia and Saudi Arabia suggested they would be willing to cut production but only if the rest of the world followed suit.” “Trump’s meeting with oil executives over the weekend painted a picture of an industry that doesn’t want to give up what it built over the past decade.” “With US Energy Secretary, Dan Brouillette, holding… 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.
