Tag - wti - west texas intermediate

What does OPEC+ deal mean to crude prices?
What does OPEC+ deal mean to crude prices?

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.

April 9: oil day
April 9: oil day

Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.

April 8: USD moderately up
April 8: USD moderately up

Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU

OIL: status update
OIL: status update

So are Russia and Saudi Arabia going to strike a deal? And where is the US?

April 6: weaker JPY and GBP
April 6: weaker JPY and GBP

The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.

USD staying strong on April 2
USD staying strong on April 2

USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20

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