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Asian Market Update: First OPEC Output Cut In 8 Years Sends Energy Stocks, Commodity FX Higher

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Sep 29, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    OPEC officials said to confirm a production cut, limiting output to 32.5-33M bpd range; Setting a committee to decide on level of cut for each member with final decision in November; Saudi Arabia's deteriorating fiscal conditions said to trigger the surprise concession. Rally in energy sector sends Australia's S&P/ASX200 to[​IMG]

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