Focus of the week: OPEC meeting!
Dear traders,
Oil ministers from OPEC, Russia and other major producing countries will meet in Vienna on Thursday and Friday to decide on production policy for the next six months.
OPEC officials have been making increasingly frequent public statements that the cartel and its partners would start withholding crude in 2019 to tighten supply and prop up prices.
OPEC’s advisory committee suggested decreasing production by 1.3 million barrels per day (bpd) from last month’s levels, according to recent reports.
Oil has taken a beating in recent weeks, with prices suffering their worst month for more than 10 years in November, losing more than 20%, as swelling inventories depressed sentiment. (Investing.com)
Use the opportunity to make money with Ester’s EXPRESS NEWS TRADING service!
Have high profits and good end of the week!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
Hotline +448 000 698 464