OctaFX | OctaFX Forex Broker
Open trading account
Back

Oil: Supply agreement by Q3 isa possibility – TDS

Strategists at TD Securities see the implementation of a supply agreement in the third quarter as probable.

Key quotes

“With Brent at just under $23/bbl and its reserves dropping at a much faster rate than expected, Russia may have a much shorter fiscal runway to keep the oil war going than many have thought.”

“Given that the realized price many North American oil producers are receiving is in the single digits, insolvency is pending for many producers which is the Russian objective. This may prompt a supply agreement earlier rather than later, with implementation by Q3 a possibility.”

 

EUR/USD challenges multi-day lows near 1.0930 post-data

The downbeat sentiment in the shared currency stays well and sound for yet another session, dragging EUR/USD to weekly lows in the 1.0930 zone. EUR/US
Read more Previous

US ADP Employment Change March Preview: USD impact is the reverse

Automatic Data Processing (ADP) the US private payroll processing company will release its National Employment Report for March on Wednesday, April 1
Read more Next
Start livechat