The Organization of the Petroleum Exporting Countries’ (OPEC) Joint Ministerial Monitoring Committee (JMMC) panel has agreed to extend the compensation period for overproduction until the end of December, Reuters reported on Thursday, citing an OPEC+ source. The source further told Reuters that Saudi Arabia’s energy minister told the JMMC meeting that OPEC+ can call for an extraordinary meeting in October for extra measures if the situation in the oil market worsens. Market reaction Crude oil prices edged higher on this report and the barrel of West Texas Intermediate was last seen gaining 1.6% on a daily basis at $40.80. 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 EU’s von der Leyen: Convinced EU-UK trade deal is still possible – Financial Times FX Street 1 year The Organization of the Petroleum Exporting Countries' (OPEC) Joint Ministerial Monitoring Committee (JMMC) panel has agreed to extend the compensation period for overproduction until the end of December, Reuters reported on Thursday, citing an OPEC+ source. The source further told Reuters that Saudi Arabia's energy minister told the JMMC meeting that OPEC+ can call for an extraordinary meeting in October for extra measures if the situation in the oil market worsens. Market reaction Crude oil prices edged higher on this report and the barrel of West Texas Intermediate was last seen gaining 1.6% on a daily basis at $40.80. 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.
