Oil market continues its positive trend after the expectations of oil supply from two countries like Russia and Saudi Arabia.The global oil market noted that Saudi Arabia is ready for cutting production before the date of the agreement, but after non-OPEC members, including Russia, are committed to producing less in the coming year, and after the developments, the world's largest producers tighten their commitment to tighten their demand. Saudi Arabian Energy Minister Khalid Al-Falih said Saturday that the production of Saudi Arabia, the world's largest oil exporter, would significantly undercut the deal reached last month with members of the OPEC. Oil price has risen by about 20 percent since OPEC reached an agreement on November 30th to cut down production for the first time in eight years.

Comment Send

• 

  Global markets are pricing PMI data

• 

  The expectation of interest increase by Fed is getting stronger

• 

  S&P is increasing the credit rating of France

• 

  Germany is pricing strong economic growth

• 

  Sterling is gaining value after May’s speech

• 

  Gold market is protecting its earnings at the end of week

• 

  Oil Prices are doing an Inflationary pressure on global markets.

• 

  Dollar and Oil Market Showed Strong Positive Trend

• 

  The Consumer Confidence Index has risen in the USA

• 

  Fed continues its prudent attention before Trump