OctaFX | OctaFX Forex Broker
Open trading account
Back

Russia ready to cooperate with the OPEC, WTI rebounds 2%

According to Reuters reports, Russia’s Energy Minister Alexander Novak said that Russia is ready to cooperate with the OPEC.

Novak, however, declined to comment if Moscow supports further oil output cuts.

Oil bulls stretch their muscles

Both crude benchmarks are seen extending their recovery rally, with the above comments bolstering hopes that the OPEC and its allies (OPEC+) will extend the oil output cuts, in an effort to combat the negative effect of China’s coronavirus on oil demand growth.

WTI rallies over 2% to near $51.20 while Brent jumps above $55, up 1.50% on the day.

EUR/USD looks directionless near 1.1060 ahead of data

Th single currency is facing increasing difficulties to regain the upside momentum so far, with EUR/USD now stuck in the 1.1060 following the opening
Read more Previous

UK Trade Sec. Truss to unveil negotiating mandate for US trade deal on Thursday - Politico

Politico quotes a source, saying that the UK Trade Secretary Liz Truss is likely to unveil Britain’s negotiating mandate for a US trade deal on Thursd
Read more Next
Start livechat