Russian energy minister Alexander Novak noted on Thursday that they haven’t yet made any decisions on possible changes to the OPEC+ oil output cut deal. “According to the current deal, we will see the easing of oil cuts from August,” Novak added and reiterated that a second wave of coronavirus could hurt the global oil demand. “Hopefully, the global oil market will reach balance or shortage in July.” Market reaction Crude oil prices edged slightly lower on these comments. As of writing, the barrel of West Texas Intermediate was trading at $40.05, still adding 0.85% 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 WTI looks to extend gains above $40 amid risk-on, US crude stocks draw FX Street 3 years Russian energy minister Alexander Novak noted on Thursday that they haven't yet made any decisions on possible changes to the OPEC+ oil output cut deal. "According to the current deal, we will see the easing of oil cuts from August," Novak added and reiterated that a second wave of coronavirus could hurt the global oil demand. "Hopefully, the global oil market will reach balance or shortage in July." Market reaction Crude oil prices edged slightly lower on these comments. As of writing, the barrel of West Texas Intermediate was trading at $40.05, still adding 0.85% on a daily basis. 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.
