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Kuwait OPEC Governor: All signs suggest that there will be initial deal to freeze output at...

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Kuwait OPEC Governor crossed the wires via Reuters over the last hour, noting that an output freeze is likely at Doha oil meeting.

    Key Quotes:

    All signs suggest that there will be initial deal to freeze output at Doha Oil meeting

    Agreement in Doha could be to freeze Oil production at February levels, or average of January and Feb

    Oil market will be balanced in H2 2016

    Brent Oil to average between $45 and $60 a barrel in H2 and until 2018
    For more information, read our latest forex news.
     

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