Saudi Arabia calls for OPEC+ emergency meeting

Saudi Arabia called for an emergency meeting of OPEC and non-OPEC oil producers, state news agency SPA announced on Thursday. "Saudi Arabia's call aim  |  02/04/2020 16:05

Saudi Arabia called for an emergency meeting of OPEC and non-OPEC oil producers, state news agency SPA announced on Thursday.

"Saudi Arabia's call aims to reach a fair oil agreement to stabilize the oil market," the SPA added. "The call for emergency oil meeting comes to support the global economy and as requested by US President Donald Trump."

Market reaction

Following US President Trump's announcement of possible output cuts, the barrel of West Texas Intermediate (WTI) surged to a fresh two week high of $27.32. As of writing, the WTI was trading at $25.40, adding nearly 20% on a daily basis.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com