Saudi Arabia and some other OPEC producers want to extend the current oil output cuts of 9.7 million barrels per day until December, Reuters reported on Thursday, citing OPEC+ Russian industry sources. According to Reuters, Russia has yet to agree to the move and some sector players believe demand recovery may justify gradual easing of curbs. Market reaction Crude oil prices edged higher on this headline and the barrel of West Texas Intermediate was last seen gaining 0.6% on the day at $32.40. 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/USD: Remains weak on a broad basis – Credit Suisse FX Street 3 years Saudi Arabia and some other OPEC producers want to extend the current oil output cuts of 9.7 million barrels per day until December, Reuters reported on Thursday, citing OPEC+ Russian industry sources. According to Reuters, Russia has yet to agree to the move and some sector players believe demand recovery may justify gradual easing of curbs. Market reaction Crude oil prices edged higher on this headline and the barrel of West Texas Intermediate was last seen gaining 0.6% on the day at $32.40. 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.
