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Further gains in oil markets on potential good news

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Further gains in the oil market yesterday as bulls pounced on any potentially good news around. It could easily be found after the meeting between Iran, Iraq, Venezuela and Qatar produced a seemingly positive outcome. Iran’s Minister said that the proposed production ceiling should be the first step to stabilising the market but added that they wouldnt be joining the process. Now call me an old cynic but what does this tell you? Probably that Iran can see that before long it will be producing

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