Russia and Saudi Arabia have overcome the differences on oil output cuts and it’s very important that other producers outside OPEC+ join cuts, Kirill Dmitriev, CEO of Russia’s sovereign wealth fund RDIF, told Reuters on Thursday. “Some others will join measures during G20 on Friday,” Dmitriev added. “Without those measures to cut output the oil market would have been dealt a severe blow.” Dmitriev further noted that oil production cut measures will allow the oil market to start on a path to recovery. Market reaction The barrel of West Texas Intermediate (WTI) largely ignored these headlines and continues to post small daily losses near $26. 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 Bitcoin Cash Price Forecast: BCH/USD bulls on the launch pad for greater gains FX Street 2 years Russia and Saudi Arabia have overcome the differences on oil output cuts and it's very important that other producers outside OPEC+ join cuts, Kirill Dmitriev, CEO of Russia’s sovereign wealth fund RDIF, told Reuters on Thursday. "Some others will join measures during G20 on Friday," Dmitriev added. "Without those measures to cut output the oil market would have been dealt a severe blow." Dmitriev further noted that oil production cut measures will allow the oil market to start on a path to recovery. Market reaction The barrel of West Texas Intermediate (WTI) largely ignored these headlines and continues to post small… 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.
