Oil surges as Saudi Arabia plans to cut production
Saudi Arabia’s energy minister says that Saudi Arabia will cut crude oil production ‘substantially’ below the agreed level – sending oil to its highest since July 2015. In addition, Non-OPEC countries (including Russia) have agreed to trim output by 558,000 b/d in the beginning of 2017.
As of 07:06 GMT, WTI Crude Oil (CL) futures for January delivery rose to $54.51 a barrel (up 2.2%). If you think Crude price will continue to go up click on the BUY button, or if you think it will go down, click on the SELL button.
For General Information only. Not intended to provide Trading or Investment Advice.
Your Capital is at Risk. Losses can Exceed Deposits.
Want to start trading financial markets with ease and confidence?
Forex and CFD trading can fit a range of trading goals whether it’s increasing your profit potential or diversifying your portfolio. If you want to learn everything you need to know about trading Forex and CFDs, then visit our online trading academy. If you’re ready to start trading, simply sign up for a FREE trading account with 1000’s of virtual funds and start trading towards your financial success!