Breaking News: Saudi Energy Min Al-Falih, "as of now There's no Agreement" - FX Leaders News

Breaking News: Saudi Energy Min Al-Falih, “as of now There’s no Agreement”

Posted Thursday, December 6, 2018 by
Arslan Butt • 1 min read

Fellas, WTI crude oil has started falling below $52 as Saudi Arabia doesn’t seem to be willing to cut the supplies.

 

Saudi Energy Min Al-Falih says:

  • As Of Now There Is No Agreement
  • Do Not Want To Shock Market
  • Looking To Balance Oil Market
  • If Everyone Not Willing To Cut Now, We Will Wait Until They Are
  • 1 Million  BPD For OPEC+ Cut Would Be Enough

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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