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A good day for the oil price

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    A good day for the oil price as news from Russia and China helped crude continue to consolidate at these levels. The Russian move was on two fronts, firstly as it agreed to meet other major producers ‘if asked’ and also as it has a scheduled meeting with the Saudis later this month. Having said that, positions taken during the latest Russian bombing of Syria makes me wonder quite how the Russo/Saudi axis is going to function at the moment. The news from China appeared to help the oil market as

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