Russian Energy Minister Alexander Novak crossed the wires in the last minutes, arguing that the oil production in the United States is unlikely to grow at the same pace as in previous years at current price levels. “The slow-down of oil production in the US is a trend,” Novak added and noted that the US oil output was set to peak out in a few years. Crude oil prices seem to be reacting positively to these comments. As of writing, the barrel of West Texas Intermediate was trading at $53.80, adding 0.65% 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 Brexit: Lawmaker Boles proposes amendment to force government to ask for extension to Dec. 2020 FX Street 3 years Russian Energy Minister Alexander Novak crossed the wires in the last minutes, arguing that the oil production in the United States is unlikely to grow at the same pace as in previous years at current price levels. "The slow-down of oil production in the US is a trend," Novak added and noted that the US oil output was set to peak out in a few years. Crude oil prices seem to be reacting positively to these comments. As of writing, the barrel of West Texas Intermediate was trading at $53.80, adding 0.65% 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.
