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No clear sign of oil price recovery – Kuwaiti Oil Minister

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The Kuwaiti Oil Minister on the wires today stating the oil prices have bottomed out, but there is no clear sign of the recovery in prices.

    Wants unity in production cuts

    The Minister called for a unity in the production cuts to balance the markets. He also asked Non-OPEC producers to chip-in .

    Key Quotes

    Predictions on the oil recovery/balance are not accurate

    Q1 2016 will be a better time to assess oil demand picture

    Prices are governed by world economic growth
    For more information, read our latest forex news.
     

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