Russia’s energy ministry is expecting the global oil market to reach its balance in June or July, the state-run news outlet RIA Novosti reported on Monday, citing sources familiar with the matter. The ministry is also seeing a surplus of 7-12 million barrels per day currently on the global oil market. Market reaction Crude oil prices paid little to no mind to these comments. As of writing, the barrel of West Texas Intermediate (WTI) was moving sideways near $33.50, registering modest daily losses. 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 GBP/JPY Price Analysis: Pound under pressure below the 131.50 level vs. yen FX Street 3 years Russia's energy ministry is expecting the global oil market to reach its balance in June or July, the state-run news outlet RIA Novosti reported on Monday, citing sources familiar with the matter. The ministry is also seeing a surplus of 7-12 million barrels per day currently on the global oil market. Market reaction Crude oil prices paid little to no mind to these comments. As of writing, the barrel of West Texas Intermediate (WTI) was moving sideways near $33.50, registering modest daily losses. 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.
