Full compliance with agreed oil output cuts remains the core of OPEC’s collective efforts, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Thursday, as reported by Reuters. “Overproduction damages OPEC’s reputation,” the minister added. “All compensations for overproduction should be completed before year-end.” Market reaction Crude oil prices showed no significant reaction to these remarks. As of writing, the barrel of West Texas Intermediate (WTI), which rose above $40 earlier in the day, was trading at $39.82, losing 0.8% 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 US: Philly Fed Nonmanufacturing Index declines to 15 in September as expected FX Street 1 year Full compliance with agreed oil output cuts remains the core of OPEC's collective efforts, Saudi Arabia's energy minister Prince Abdulaziz bin Salman said on Thursday, as reported by Reuters. "Overproduction damages OPEC's reputation," the minister added. "All compensations for overproduction should be completed before year-end." Market reaction Crude oil prices showed no significant reaction to these remarks. As of writing, the barrel of West Texas Intermediate (WTI), which rose above $40 earlier in the day, was trading at $39.82, losing 0.8% on a daily basis. Top 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.
