Reports that a broader coalition of OPEC+ countries is preparing for an emergency meeting, by video conference, as early as Monday, per TD Securities. Key quotes “President Trump’s commented that a cut of up to 10-15M bpd is being touted, with Saudi Arabia and Russia returning to the negotiating table and demanding that all producer nations participate, if there is to be a deal.” “Even a 15m bpd cut would unlikely balance the market in the near-term, but it would nonetheless go a long way to reframing expectations. Both tails remain excessively wide in energy markets, as it remains unclear whether such a deal can or will be brokered.” “In the immediate-term, the market has been caught wrong-footed, which could provide for some wild intraday price action, but we remain far from convinced that such a deal can be brokered by Monday, which opens the door to a disappointment.” 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 NFP: The USD is still the best of a bad lot – TDS FX Street 2 years Reports that a broader coalition of OPEC+ countries is preparing for an emergency meeting, by video conference, as early as Monday, per TD Securities. Key quotes “President Trump's commented that a cut of up to 10-15M bpd is being touted, with Saudi Arabia and Russia returning to the negotiating table and demanding that all producer nations participate, if there is to be a deal.” “Even a 15m bpd cut would unlikely balance the market in the near-term, but it would nonetheless go a long way to reframing expectations. Both tails remain excessively wide in energy markets, as it remains unclear… Top 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.
