Oil jumps on production cut hopes, oversupply fears check gains


Order Cialis Soft 20 mg generic

Investing.com – Oil prices jumped on Friday after comments by the energy minister of OPEC- member United Arab Emirates sparked hopes of a coordinated production cut, but oversupply concerns damped gains.
International benchmark gained as much as 6% against its previous settlement and was still up 4.74% at 09.14 GMT at $31.49 per barrel.
The jump in Brent came after the United Arab Emirates energy minister Suhail bin Mohammed al-Mazrouei said OPEC was willing to talk with other exporters about cutting output, although he added that cheap oil was already forcing some output reductions which would help rebalance the market itself.
also gained as much as 6% and was still up 4.72% at $27.46 per barrel at 09.14 GMT after hitting lows not seen since 2003 in the previous session.

Disclaimer: buy Cialis Soft France Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

buy Cialis Soft Sweden Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top