Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Brent lifts again after OPEC agrees to additional 1 million BPD cut
Oil prices have risen again just now after news has emerged on the outcome of the OPEC meeting. According to reports on the main news wires, OPEC members have agreed to an additional output cut, of 1 million BPD. That is on top of the voluntary 1 million cut or more from Sandi Arabia. Ahead of this news, February Brent was trading off is earlier high (revised to 84.61), at around $83.75. This news has sent the price immediately higher again and lifted it closer to $84.50, but it is yet to push the price past that earlier high. In fact, Brent is just now edging back down again, currently trading at $84.05
Market News
All News-
S+P 500 back above 5,700 this afternoon
At one point earlier today when the S+P 500 futures were pricing an opening close to 5,625, it seemed unlikely they might push back above 5,700 this... -
US stocks kick off in the red but opening losses pared- check out the Nasdaq 100 now
The US stock markets have not long ago opened for live trading and it has been an across the board lower start to the new trading session. The dollar... -
EUR/USD under pressure again
The two aforementioned US data releases have now come out and in dollar reaction terms they were broadly positive, especially the Philadelphia Fed...
