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Oil price came back a fair bit yesterday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    After a good, if short run, the oil price came back a fair bit yesterday on the back of a number of maybe related pieces of news. Opec produced their monthly which made quite good reading but also announced that the cartel’s production was up to 31.57m b/d, possibly near a three year high. They did move slightly towards the IEA stance by upping their Non-Opec supply numbers by another 200/- b/d for this year and a much more substantial 500/- b/d for next year. Kuwait also added to the mystery

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