OctaFX | OctaFX Forex Broker
Open trading account
Back

OPEC+ JTC to recommend output cut of 600K – Bloomberg

After assessing the impact of the coronavirus outbreak on the oil market, the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC's Joint Technical Committee (JTC) will reportedly recommend an output cut of 600,000 barrels per day, Bloomberg reported on Thursday, citing an OPEC delegate familiar with the matter.

WTI stays calm

Crude oil's reaction to this headline was largely muted. As of writing, the barrel of West Texas Intermediate was trading at $51.25, adding 0.22% on a daily basis.

AUD/USD: Opportunity to sell – Westpac

The current situation of the Aussie dollar after Lowe’s speech is seen by strategists at Westpac Institutional Bank as an opportunity to sell, given s
Read more Previous

USD/JPY: Coronavirus does not concern markets – Westpac

The Japanese currency is not being used as a safe-haven asset by investors at this moment as markets are not concerned about coronavirus either, in th
Read more Next
Start livechat