OPEC is supporting to the global markets with increasing agreement expectations. We could observe a strong increase on Asian markets with the increasing expectations of OPEC agreement about the oil production limitation concept. The agreement to reduce oil production for the first time in eight years in the lead by OPEC led US petrol to surpass 50 dollars per barrel for a short time. The shares of exporters in Japan gained after the private sector employment data released yesterday in the US surged better than expected in November. The interest rates of Australian and German treasuries rose after losses in US Treasury bonds, which showed the sharpest decline since November in November. According to the many experts on the global forex market, the agreement is protecting its status as a strong possibility in the near future.
- Date: 01 December 2016 Thu 16:28
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