The OPEC and its allies, OPEC+, could hold a ministerial meeting before the scheduled gathering in March amid the sharp drop in crude oil prices driver by coronavirus fears, Russia’s Energy Minister Alexander Novak noted on Monday. Regarding the possibility of the group additional output curbs, “I can’t say if now it is the right time to deepen oil production cuts,” Novak said and added that he sees a lot of uncertainties and “panic attacks” on global oil markets. WTI reaction The barrel of West Texas Intermediate (WTI) erased a small portion of its recovery gains following these comments and was last seen trading at $50.75, still up 1.75% 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 USD/JPY Price Analysis: Sticks to gains near 200-hour SMA/38.2% Fibo. confluence region FX Street 2 years The OPEC and its allies, OPEC+, could hold a ministerial meeting before the scheduled gathering in March amid the sharp drop in crude oil prices driver by coronavirus fears, Russia's Energy Minister Alexander Novak noted on Monday. Regarding the possibility of the group additional output curbs, "I can't say if now it is the right time to deepen oil production cuts," Novak said and added that he sees a lot of uncertainties and "panic attacks" on global oil markets. WTI reaction The barrel of West Texas Intermediate (WTI) erased a small portion of its recovery gains following these comments and… 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.
