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Russian energy minister says Saudi Arabia proposed a 5% cut in oil output - reports

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - Oil prices jumped, lifting CAD, MXN and RUB amid reports that Saudi Arabia proposed a 5% output cut across the board.

    Media reports cite Russian energy minister Novak as the source. Russia's Novak said OPEC meeting may discuss 5% output cut and may involve all oil producing nations. The meeting will take place in February.
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