OctaFX | OctaFX Forex Broker
Open trading account
Back

OPEC considering extending oil cuts until end of year – TASS

The Organization of the Petroleum Exporting Countries (OPEC) and its allies are considering extending oil production cuts until the end of the year, Russian news agency TASS reported on Friday, citing sources familiar with the matter.

"OPEC is unlikely to ease cuts in March as the market is still quite bearish," TASS reported."OPEC will meet in March, then in June."

Market reaction

Crude oil prices pulled away from daily lows on this headline and the barrel of West Texas Intermediate (WTI) was lat seen trading at $55.50, erasing 0.3% on a daily basis.

Euro area PMIs showed a mixed picture in January – Nordea

Analysts at Nordea Markets offered a quick review of Friday's mixed Eurozone PMI prints for January, which did not show much change in momentum at the
Read more Previous

EUR/GBP Price Analysis: Reverses an early dip to 5-week low, sub-0.8400 levels

The EUR/GBP cross dropped to fresh five-week lows on Friday, albeit showed some resilience below the 0.8400 round-figure mark and quickly recovered ar
Read more Next
Start livechat