The OPEC and non-OPEC producers (OPEC+) have agreed in principle for an output cut of 10 million barrels per day (bpd) for May and June, Reuters reported on Thursday, citing three OPEC+ sources with knowledge of the matter. Sources further added that other nations will cut 5 million barrels per day in that period. Market reaction Crude oil prices edged lower on this headline and the barrel of West Texas Intermediate was last seen trading at $25.45, erasing 2.55% on a daily basis. 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 Oil Price Price Analysis: WTI dead-cat-bounce can be deadly for bulls FX Street 2 years The OPEC and non-OPEC producers (OPEC+) have agreed in principle for an output cut of 10 million barrels per day (bpd) for May and June, Reuters reported on Thursday, citing three OPEC+ sources with knowledge of the matter. Sources further added that other nations will cut 5 million barrels per day in that period. Market reaction Crude oil prices edged lower on this headline and the barrel of West Texas Intermediate was last seen trading at $25.45, erasing 2.55% on a daily basis. 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.
