OctaFX | OctaFX Forex Broker
Open trading account
Back

European Monetary Union Markit PMI Composite came in at 54.2, below expectations (54.4) in November

FXStreet.com (Barcelona) For more information, read our latest forex news.

European Monetary Union Markit Services PMI registered at 54.2, below expectations (54.6) in November

European Monetary Union Markit Services PMI registered at 54.2, below expectations (54.6) in November
Read more Previous

OPEC’s meeting: Naimi says will listen to others before taking a call on output

OPEC members will gather in Vienna tomorrow to decide on oil output. The International Energy Agency said the oil price plunge since June 2014 that has reduced OPEC revenue by nearly $500 billion a year is the result of excessive pumping. The market share strategy championed by Saudi Arabia was announced by OPEC in November 2014. Oil rich Saudi Arabia to push American shale oil producers out of the market has abandoned its policy of reducing supplies to stabilize price. The OPEC at the behest of Saudi Arabia and few other rich oil producing nations decided to increase production to defend market share rather then cut output to prop up prices.
Read more Next
Start livechat