According to the results of the latest Reuters survey, OPEC’s oil output in May dropped by 70,000 bpd month/month to 32.00 mln bpd. This number marks the lowest output level since April 2017. Declines in Nigeria and Venezuela are cited as the primary reason behind this reduction. As of writing, the barrel of WTI is trading at $67, losing 1.8% on the day. Later in the session, the EIA is going to publish its weekly crude oil inventory report, which is expected to show a 1.2 million barrels decrease. 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 Commerce Sec Ross: EU, Canada & Mexico to face steel and aluminum tariffs beginning at midnight FX Street 5 years According to the results of the latest Reuters survey, OPEC's oil output in May dropped by 70,000 bpd month/month to 32.00 mln bpd. This number marks the lowest output level since April 2017. Declines in Nigeria and Venezuela are cited as the primary reason behind this reduction. As of writing, the barrel of WTI is trading at $67, losing 1.8% on the day. Later in the session, the EIA is going to publish its weekly crude oil inventory report, which is expected to show a 1.2 million barrels decrease. 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.
