CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Oil surges as Saudi Arabia plans to cut production

December 12, 2016

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.

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