Oil prices fall as Trump urges OPEC not to cut oil supply

empty

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Account Opening

See also

Trading Conditions

Forex Analytics

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

Open Demo Account

Trading Platform

How to start trading

Video Tutorials

Contests by InstaForex

Useful information

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Advantages for Affiliates

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

We are in social networks

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

InstaForex Stars

InstaForex Offline

Social Responsibility

InstaForex - Official partner of Dragon Racing

Oil prices fall as Trump urges OPEC not to cut oil supply

17-11-2018 15:49

Oil prices fall as Trump urges OPEC not to cut oil supply

Open trading account Open demo account

Money withdrawal

Oil prices fall as Trump urges OPEC not to cut oil supply

Global oil prices fell by more than 1 percent after US President Donald Trump urged the OPEC+ countries not to reduce the level of oil supply.

According to Khalid Al-Falih, Saudi Arabia’s Energy Minister, the cartel members and leaders of the countries outside the organization agreed to limit oil production by about 1 million barrels in December in order to prevent oversupply situations. However, Donald Trump disagrees with such a decision. He expects that Saudi Arabia and OPEC will not cut oil output.

Experts recorded a decline in Brent crude oil prices by 0.97% to $69.44. Light Sweet Crude Oil futures (WTI) plunged by 0.77% to $59.16.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.