OPEC+ Technical Committee sees July compliance with oil output cuts at 95% and expects it to reach 97% including Mexico, Reuters reported on Monday, citing a draft document. Additional takeaways “Committee considered a scenario of substantial downside risk on demand if virus situation worsens.” “OPEC+ panel underscores the fragility of the oil market and uncertainties related to oil demand.” “OPEC+ panel calls for vigilance and monitoring of the implementation of compensation for overproduction.” “OPEC+ technical panel will meet next via teleconference on September 16.” Market reaction Crude oil prices edged higher in the last hour and the barrel of West Texas Intermediate (WTI) was last seen gaining 1.15% on a daily basis at $42.68. 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 Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Tron – American Wrap 04 Aug FX Street 2 years OPEC+ Technical Committee sees July compliance with oil output cuts at 95% and expects it to reach 97% including Mexico, Reuters reported on Monday, citing a draft document. Additional takeaways "Committee considered a scenario of substantial downside risk on demand if virus situation worsens." "OPEC+ panel underscores the fragility of the oil market and uncertainties related to oil demand." "OPEC+ panel calls for vigilance and monitoring of the implementation of compensation for overproduction." "OPEC+ technical panel will meet next via teleconference on September 16." Market reaction Crude oil prices edged higher in the last hour and the barrel of West Texas… 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.
