Tag: OPEC

OPEC+ Supply Cut Outweighs USD Strength, Brent Bid

BRENT CRUDE OIL (LCOc1) TALKING POINTSDetails around hefty 2MMbbls/d production cut from OPEC+.No signs of Fed pivot just yet. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from...

Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude Oil, WTI, OPEC+, DOE Inventory Data, NFPs - Talking Points:WTI crude oil prices are heading for the best week since late FebruaryOPEC+ output cuts, shrinking DOE inventories propel oil on WednesdayAhead, oil...

OPEC+ 2mn bbl/day cut; not what it seems, but it signals the cartel will support the price

The news out of the meeting of the oil group:That 2mn number is misleading, though, as ANZ point out:the OPEC+ alliance agreed to cut current production quotas by 2mb/d. However, the group will...

US says the oil output cuts “align Opec with Russia”

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable...

White House says OPEC is ‘aligning with Russia’ and it’s absolutely true

The White House is out with a comment saying that the OPEC+ production cut is a 'clear' indication that the bloc is 'aligning with Russia'.They're totally right but it's also something that should...

Oil Price Soars Following OPEC Production Cut – Key Tests Ahead for WTI

WTI, OPEC+ – Talking PointsOPEC+ agrees to cut oil production by 2 mln barrels per dayWTI rallies into key trendline resistance, 50-day moving averageWhite House extremely disappointed with OPEC “alignment with Russia” Recommended by...

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