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Extra Iranian crude supplies after lifting of sanctions still unknown – OPEC source

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Al Hayat, a Saudi-owned newspaper based in London, quoted an OPEC source stating that extra Iranian crude supplies after lifting of sanctions are still unknown, and will not be determined for at least 2 months.

    Both crude benchmarks are down over -2.30%, as markets believe the OPEC production cuts look unlikely.
    For more information, read our latest forex news.
     

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