X-Trade Brokers - Analytics

    X-Trade Brokers

    436.00 6.00/10
    100% of positive reviews

    OIl shrugs off OPEC

    Crude oil futures were little changed in early Asian trade Friday, having risen in the previous session after a decline in U.S. oil inventories offset a non-eventful OPEC meeting. OPEC refrained from changing its oil output policy on Thursday after members failed to agree on a new production ceiling.

    OPEC unsurprisingly failed to agree on anything. The market got very excited about a potential output ceiling despite OPEC usually ignoring these ceilings in the past and key members, Saudi Arabia and Iran, fighting multiple proxy wars against each other. 

    Oil prices found support instead in U.S. Energy Information Administration’s announcement of a fall in 1.4 million barrels of crude inventories, the third weekly decline in a row.

    link do file download link



    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree