Reuters reported that a letter to the Saudi Crown Prince from US lawmakers says failure to reverse oil crisis means they will encourage any reciprocal responses by US government. “A group of Republicans in the U.S. House of Representatives told Saudi Crown Prince Mohammed bin Salman on Wednesday that economic and military cooperation between the two countries is in jeopardy unless the kingdom helps to stabilize oil prices by cutting crude output. “If the Kingdom fails to act fairly to reverse this manufactured energy crisis, we would encourage any reciprocal responses that the U.S. government deems appropriate,” said a letter to the crown prince signed by nearly 50 Republican US Representatives. Crude oil prices have plummeted as the spread of the coronavirus crushes demand and as Saudi Arabia and Russia pump oil flat out in a race for market share.” In other news, related to oil markets, the Saudi-led coalition announces a ceasefire for two weeks in Yemen starting Thursday 1200 pm (not midnight). WTI drops toward $24 after EIA reports largest-ever weekly increase in US oil stocks 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 Forex Today: Risk-off knocking the door FX Street 2 years Reuters reported that a letter to the Saudi Crown Prince from US lawmakers says failure to reverse oil crisis means they will encourage any reciprocal responses by US government. "A group of Republicans in the U.S. House of Representatives told Saudi Crown Prince Mohammed bin Salman on Wednesday that economic and military cooperation between the two countries is in jeopardy unless the kingdom helps to stabilize oil prices by cutting crude output. "If the Kingdom fails to act fairly to reverse this manufactured energy crisis, we would encourage any reciprocal responses that the U.S. government deems appropriate," said a letter to the… 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.
