1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

WTI bears squeeze below $40 after OPEC decision

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Joined:
    Sep 1, 2015
    Messages:
    4,022
    Likes Received:
    1
    WTI Oil prices plummeted below $40 at the end of the week following OPEC’s decision to keep production levels unchanged during their latest meeting in Vienna. Any optimism over a possible production cut diminished rapidly when the group failed to agree on a production ceiling, leaving current production at 31.5M barrels per day. With concerns elevated around the aggressive oversupply in the markets, investor sentiment will remain haunted towards WTI Oil in the short-term and selling in the

    Continue reading...
     

Share This Page