While speaking to reporters ahead of the OPEC+ JMMC meeting, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman noted that they are seeing a significant improvement in oil market fundamentals. “The world oil demand will recover to 97% of the pre-crisis level in the fourth quarter,” the minister further added. Meanwhile, Russian energy minister Alexander Novak noted that the oil market was still fragile among remaining uncertainties. Market reaction Crude oil prices continue to trade in the positive territory following these comments. As of writing, the barrel of West Texas Intermediate (WTI) was seen gaining 0.1% on the day at $42.55. 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 Coronavirus update US: Florida cases rise by 4,115 to 584,047 FX Street 2 years While speaking to reporters ahead of the OPEC+ JMMC meeting, Saudi Arabia's energy minister Prince Abdulaziz bin Salman noted that they are seeing a significant improvement in oil market fundamentals. "The world oil demand will recover to 97% of the pre-crisis level in the fourth quarter," the minister further added. Meanwhile, Russian energy minister Alexander Novak noted that the oil market was still fragile among remaining uncertainties. Market reaction Crude oil prices continue to trade in the positive territory following these comments. As of writing, the barrel of West Texas Intermediate (WTI) was seen gaining 0.1% on the day at $42.55. 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.
