Oil production in Russia has continued to increase despite output cuts, noted Russian President Vladimir Putin on Wednesday. “Russia wants the energy market to be balanced and predictable,” Putin added and noted that they will continue to work with Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC). Regarding the rising shale production in the United States (US), Putin said the US was not taking Russia’s share on the global energy market. Oil prices rose modestly on these comments and the barrel of West Texas Intermediate was last seen trading at $56.65, adding nearly 1% 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 extends the bounce off recent lows, targets $56.00 ahead of EIA FX Street 3 years Oil production in Russia has continued to increase despite output cuts, noted Russian President Vladimir Putin on Wednesday. "Russia wants the energy market to be balanced and predictable," Putin added and noted that they will continue to work with Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC). Regarding the rising shale production in the United States (US), Putin said the US was not taking Russia's share on the global energy market. Oil prices rose modestly on these comments and the barrel of West Texas Intermediate was last seen trading at $56.65, adding nearly 1% on a daily… 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.