The Organization of the Petroleum Exporting Countries (OPEC) has so far no plans to deepen the current oil output cuts during the December meeting, Reuters reported citing three OPEC sources. “OPEC+ is likely to extend existing oil supply cuts until June when the group meets in December,” sources told Reuters. “It is more likely that we will extend the agreement in December to send a positive message to the market. The Saudis don’t want oil prices to fall, they want to put a floor under the prices because of the (Aramco) IPO.” Crude oil prices edged lower on these comments and the barrel of West Texas Intermediate (WTI) was last seen trading at $56.85, down 0.37% 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 UK election: Labour manifesto says referendum on Brexit will be legally binding FX Street 3 years The Organization of the Petroleum Exporting Countries (OPEC) has so far no plans to deepen the current oil output cuts during the December meeting, Reuters reported citing three OPEC sources. "OPEC+ is likely to extend existing oil supply cuts until June when the group meets in December," sources told Reuters. "It is more likely that we will extend the agreement in December to send a positive message to the market. The Saudis don't want oil prices to fall, they want to put a floor under the prices because of the (Aramco) IPO." Crude oil prices edged lower on these comments… 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.
