Senior oil and energy journalist, Reza Zandi, tweeted out on Tuesday that Russia has agreed that there won’t be an increase in the OPEC+ oil output by 500,000 barrels per day in February. The journalist further noted that there could be an increase in the output in March. “If Iran can somehow enter the market in February, the situation for the month of March will be complicated,” Zandi added. Market reaction Crude oil prices shot higher on this headline and the barrel of West Texas Intermediate (WTI) was last seen trading at $48.75, where it was up nearly 3% 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 EUR/USD: Unlikely to see a steeper decline FX Street 11 months Senior oil and energy journalist, Reza Zandi, tweeted out on Tuesday that Russia has agreed that there won't be an increase in the OPEC+ oil output by 500,000 barrels per day in February. The journalist further noted that there could be an increase in the output in March. "If Iran can somehow enter the market in February, the situation for the month of March will be complicated," Zandi added. Market reaction Crude oil prices shot higher on this headline and the barrel of West Texas Intermediate (WTI) was last seen trading at $48.75, where it was up nearly 3% on… 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.
