WTI crude oil broke the $20/bbl threshold, reflecting the market forces necessary in order to drive the market towards eventual balance through market-driven cuts, despite the OPEC++ historic agreement, per TD Securities. Key quotes “We expect a long road to recovery, as the large Q2 surplus will translate to a large inventory overhang which will take time to work through.” “The market will likely still test the limits of storage as the scale of demand destruction more than offsets the immediate impact of the cuts.” “It goes without saying that energy demand is likely fairing even worse than our broad commodity demand indicator, which has yet to improve.” 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 US Dollar Index approaches 100.00 post-Retail Sales FX Street 2 years WTI crude oil broke the $20/bbl threshold, reflecting the market forces necessary in order to drive the market towards eventual balance through market-driven cuts, despite the OPEC++ historic agreement, per TD Securities. Key quotes “We expect a long road to recovery, as the large Q2 surplus will translate to a large inventory overhang which will take time to work through.” “The market will likely still test the limits of storage as the scale of demand destruction more than offsets the immediate impact of the cuts.” “It goes without saying that energy demand is likely fairing even worse than our broad… 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.
