US President Donald Trump crossed wires after his call with the leaders of Saudi Arabia and Russia. The leader praised talks with the global oil majors while also suggesting to open massive areas for storage. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, mostly known as OPEC+, recently signaled 10 million per day cuts to global oil productions. A delegate from the cartel mentioned that the OPEC will follow 60% of the proposed cut while allies will offer 40% of the promised figures. Key quotes Conversations with Saudi Arabia and Russia on oil was very good. Expect an announcement from them today or tomorrow. We’re energy independent, we can just use our own oil. Will open up massive areas for oil storage. We’ll have big news tomorrow on energy and airlines We are working with Congress to protect small business owners affected by coronavirus. Market reaction Despite sluggish markets due to the Good Friday holiday, oil prices inched up nearly 10 cents following the news. The WTI benchmark currently trades near $23.00 amid the early Friday morning in Asia. 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 USD/JPY pierces 108.50 ahead of Tokyo open on Good Friday FX Street 2 years US President Donald Trump crossed wires after his call with the leaders of Saudi Arabia and Russia. The leader praised talks with the global oil majors while also suggesting to open massive areas for storage. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, mostly known as OPEC+, recently signaled 10 million per day cuts to global oil productions. A delegate from the cartel mentioned that the OPEC will follow 60% of the proposed cut while allies will offer 40% of the promised figures. Key quotes Conversations with Saudi Arabia and Russia on oil was very… 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.
