Saudi Energy Minister crossed the wires in the last minutes arguing that oil markets are driven by negative market sentiment but added that he doesn’t believe that it’s impacting the oil demand growth. “People are speculating about global recession but there is no recession today,” he added. These comments had little to no impact on crude oil prices. As of writing, the barrel of West Texas Intermediate was trading at $56.90, adding 0.5% on a daily basis while the barrel of Brent was up 0.3% on the day at $61.85. 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 China: Weakness in trade data, surge in FX reserves – TD Securities FX Street 4 years Saudi Energy Minister crossed the wires in the last minutes arguing that oil markets are driven by negative market sentiment but added that he doesn't believe that it's impacting the oil demand growth. "People are speculating about global recession but there is no recession today," he added. These comments had little to no impact on crude oil prices. As of writing, the barrel of West Texas Intermediate was trading at $56.90, adding 0.5% on a daily basis while the barrel of Brent was up 0.3% on the day at $61.85. 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.