Russian Pres. Putin: Russia agrees with Saudi to extend OPEC deal by 6-9 months, Oil seen higher
|The Russian President Putin met the Saudi Arabian delegation at the G20 meeting and said that Russia agreed with Saudi Arabia to extend the OPEC+ oil output cuts deal by six to nine months.
Oil bulls are likely to receive a double booster on Monday following the US-China trade truce and the above headlines. WTI could head back towards the $ 60 mark while Brent could re-attempt the 66 handle.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.