The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, and they considered this deal as an end to the devastating price war that brought the energy industry to its knees.
Tag - oil
The coronavirus, the oil deal and the upcoming economic data releases will move the market. Watch the video to find out how to use these topics in trading!
Oil, Boris Johnson, and European virus dynamics - how did these shape the starting point for the Forex market this week?
OPEC+ talked for more than eight hours on Thursday. Oil price plunged at the end. Why?
OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.
Time to collect our knowledge about OPEC and prepare for its meeting.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
OPEC+ is holding a video conference this Thursday to strike a global output cut deal - will that happen?
Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
So are Russia and Saudi Arabia going to strike a deal? And where is the US?
The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.