OPEC and non-OPEC oil producers have failed to agree on an extension of existing oil production cuts, Reuters reported on Friday, citing two OPEC sources familiar with discussions. “Previously sources said OPEC and non-OPEC had failed to agree on additional cuts to cope with the outbreak of coronavirus,” Reuters further noted. WTI reaction Crude oil prices came under renewed selling pressure on this development. As of writing, the barrel of West Texas Intermediate was down nearly 6% on the day at $43.25 and the barrel of Brent was erasing 5.7% at $47.20. 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 Bitcoin Price Analysis: Have the bulls run out of steam FX Street 3 years OPEC and non-OPEC oil producers have failed to agree on an extension of existing oil production cuts, Reuters reported on Friday, citing two OPEC sources familiar with discussions. "Previously sources said OPEC and non-OPEC had failed to agree on additional cuts to cope with the outbreak of coronavirus," Reuters further noted. WTI reaction Crude oil prices came under renewed selling pressure on this development. As of writing, the barrel of West Texas Intermediate was down nearly 6% on the day at $43.25 and the barrel of Brent was erasing 5.7% at $47.20. 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.
