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Westpac: Oil remain supported

Analysis Adam Rak -
Oil jumped higher Monday as non-OPEC countries agreed to contribute a further 558,000b/d in production cuts and remained supported throughout the week on investor...

Oil Prices Up Strongly After Saturday’s Agreement

Analysis Piotr Drabik -
Countries outside OPEC on Saturday signed an agreement in which decided to reduce production by 558K barrels per day. Although there was no surprise the...

Gains of Oil During OPEC Meeting

Analysis Comparic Team -
An hour ago OPEC meeting in Vienna started. So far oil price is reacting with gains for the information leaking out of the meeting. Iraq...

Morning Market Overview – All Eyes on OPEC

Macro Commentary Comparic Team -
Today’s session is full of macroeconomic data which can increase markets volatility. What we already know? Yesterday evening American Petroleum Institute published report about Crude oil...

Saudi Arabia Caused A Drop In Oil Prices

Analysis Piotr Drabik -
In the end of September 2016 OPEC agreed to limit oil production. But beyond the declaration any specific measures have been postponed until the...

OIL WTI – Broken Trend Line and next Support

Analysis Piotr Drabik -
On the OIL.WTI chart situation had become very serious. Today uptrend line was broken, which has been respected by the price of oil starting since...
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