The Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and non-cartel oil producers (OPEC+) said in a press release on Tuesday, the OPEC+ compliance to the oil output cut deal stood at 159% in July, compared to 137 percent in June The statement read: “The JMMC noted the overall conformity of 159% in July 2019 was 22 pp higher than in June 2019, and the average conformity of 134% since January 2019 was the highest to date in 2019.” The Committee also said that it sees ‘significant’ oil stock draws in 2H19. Oil prices seem to have caught a fresh bid on the OPEC+ statement, with WTI extending the upside above the 54 handle while Brent edges closer to $ 59 mark. Both crude benchmarks are gaining over 1%. 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 US: Manufacturing and consumer confidence data in focus – TD Securities FX Street 4 years The Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and non-cartel oil producers (OPEC+) said in a press release on Tuesday, the OPEC+ compliance to the oil output cut deal stood at 159% in July, compared to 137 percent in June The statement read: "The JMMC noted the overall conformity of 159% in July 2019 was 22 pp higher than in June 2019, and the average conformity of 134% since January 2019 was the highest to date in 2019." The Committee also said that it sees 'significant' oil stock draws in 2H19. Oil prices seem… 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.
