Russia's Novak: US trade tensions affects oil prices

Continuing with his earlier comments, Russia’s Energy Minister Alexander Novak was further noted saying that we will take measures in case of oil market deficit.

Additional quotes:

   •  If there is a need to increase oil output by more than 1 million bpd, we can discuss it. 
   •  Does not rule out adjusting oil output as all obligations taken as part of OPEC deal provisional.
   •  US trade tension affects oil prices.

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.