Markets By TradingView

No Deal Out of OPEC Meeting

The OPEC meeting ended before an agreement could be reached on a production cut between Russia and Saudi Arabia, which is set to wait a while longer.

No Deal Out of OPEC Meeting
Yazar: Zack Smith

Yayınlanma: 7 Mart 2020 19:41

Güncellenme: 10 Kasım 2024 12:11

No Deal Out of OPEC Meeting

The OPEC meeting ended before an agreement could be reached on a production cut between Russia and Saudi Arabia, which is set to wait a while longer. WTI has fallen to its lowest level seen since 2016. Crude oil prices have fallen sharply amid fears and concerns that the Coronavirus outbreak is driving down global oil demand. Oil consumption is declining significantly, with flights canceled as a precaution to the Coronavirus outbreak and most people choosing to work from home. Oil prices fell below the $ 42.50 zones, hitting their lowest level since 2016. USD / CAD parity rose above 1.3430. The Canadian dollar failed to capitalize on the upbeat labor report from Canada.
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