WTI crude up 1% – Video Analysis

WTI crude up 1% – Saudi’s oil minister said earlier that his country may curtail output to 6.6 mln barrels per day during August, which would be nearly 1 mln below the production seen during August of last year. The minister also suggested that the prevailing OPEC-led supply commitment could be extended beyond the currently agreed end date of March next year, and that Nigeria has signaled that it is ready to consider joining the agreement on output quotes (Nigeria and Libya are OPEC members that are presently exempt from the supply accord).The US Dollar today politically driven by  US President’s son in law private interview.

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Stuart Cowell

Senior Market Analyst


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