Oil Price Approaches June Low Ahead of OPEC JMMC Meeting

September 12, 2020 at 05:00AM

The price of oil approaches the June low ($34.27) ahead of the OPEC’s September meeting as US crude inventories unexpectedly increase for the first time since July.

From: David Song
Selected by fonecable.com

Search Web: Oil Price Approaches June Low Ahead of OPEC JMMC Meeting

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

About Post Author

fonecable

fonecable@outlook.com

https://fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

FX Street

US Trade Chief Nominee Tai: Will fight Chinese trade barriers, including censorship 2 March 2021

Katherine Tai, US President Joe Biden’s nominee for Trade Representative, said Monday, would work to fight a range of “unfair” Chinese trade and econo

Gold Price News and Forecast: XAU/USD drops back towards multi-month lows in the $1720s 2 March 2021

Gold prices are carving out a lower low in contrast to corrective expectations. Bulls can target a daily bullish retracement, anticipating a bid from ...

USD/CNH Price Analysis: Bounces off two-week-old rising channel’s support 2 March 2021

USD/CNH takes the bids to the intraday high of 6.4768, up 0.13% on a day, during the early Tuesday. In doing so, the Chinese currency pair takes a u-t

Stocks will weather further rises in bond yields – JPMorgan 2 March 2021

Analysts at the investment banking giant JPMorgan foresee equities holding firm in the face of further rises in global government bond yields. Accordi

South Korea announces KRW15 trln extra budget to aid small businesses, protect jobs 2 March 2021

South Korea’s Finance Ministry is set to unveil a KRW15 trillion ($13.38 billion) additional budget to boost support for small businesses and safeguar

When is the RBA Interest Rate Decision and how could it affect AUD/USD? 2 March 2021

While the latest surprise bond purchases and extension of the Quantitative Easing (QE) in February have poured cold water on the face of expectations

OPEC+ priming the pump at March 4 meeting – Platts 2 March 2021

It’s widely expected that OPEC and its allies (OPEC+) are meeting on March 4 to discuss a hike in oil production alongside April quotas amid an improv

WTI Price Analysis: Crude drops below $60 after head-and-shoulders breakdown 2 March 2021

West Texas Intermediate (WTI) crude, a North American oil benchmark, printed a low of $59.86 soon before press time, having confirmed a head-and-shoul

Gold Price Analysis: Bears testing the commitments of the bulls 2 March 2021

Further to earlier analysis at the start of the week and in Monday's New York session, Gold prices have already started to make their intentions clear

NZD/USD Price Analysis: Fades upside momentum below 0.7300 2 March 2021

NZD/USD drops to 0.7260, with an immediate trading range, during Tuesday’s Asian session. In doing so, the kiwi pair trims the previous day’s gains wh

PBOC sets yuan reference rate at 6.4625 2 March 2021

The People's Bank of China (PBOC) has set the yuan reference rate at 6.4625 versus Monday's fix at 6.4754.

EUR/USD Price Analysis: Eyes 1.20 with bear flag breakdown on the daily chart 2 March 2021

EUR/USD looks south, with the daily chart reporting a bearish continuation pattern. The pair ended Monday with a 0.18% loss at 1.2049, confirming a do

S&P 500 Futures print mild gains amid quiet session in Asia 2 March 2021

S&P 500 Futures hold 3,900, currently around 0.13% to 3,904, during Tuesday’s Asian session. The risk barometer marked a stellar run-up the previous d

AUD/USD: Sidelined despite horrible Aussie Building Permits 2 March 2021

The dismal Aussie Building Permits data released soon before press time fails to elicit a bearish reaction from the Aussie dollar, leaving AUD/USD sid

GBP/USD Price Analysis: Bears battle two-week-old support line above 1.3900 2 March 2021

GBP/USD picks up bids around 1.3930, up 0.06% intraday, amid the initial Asian session on Tuesday. The cable dropped during the previous three days be

South Korea Nikkei Markit Manufacturing PMI: 55.3 (February) vs 53.2 2 March 2021

South Korea Nikkei Markit Manufacturing PMI: 55.3 (February) vs 53.2

Australia Building Permits (YoY) declined to 19% in January from previous 22.8% 2 March 2021

Australia Building Permits (YoY) declined to 19% in January from previous 22.8%

Australia Current Account Balance above forecasts (13.1B) in 4Q: Actual (14.5B) 2 March 2021

Australia Current Account Balance above forecasts (13.1B) in 4Q: Actual (14.5B)

Australia Building Permits (MoM) below forecasts (-3%) in January: Actual (-19.4%) 2 March 2021

Australia Building Permits (MoM) below forecasts (-3%) in January: Actual (-19.4%)

USD/JPY Price Analysis: Bulls target 106.95 2 March 2021

The price is in bullish conditions according to the hourly and 15-min time frames and is expected to make a continuation to test the bear's commitment

Oil Price Approaches June Low Ahead of OPEC JMMC Meeting

September 12, 2020 at 05:00AM

The price of oil approaches the June low ($34.27) ahead of the OPEC’s September meeting as US crude inventories unexpectedly increase for the first time since July.

Search Web: Oil Price Approaches June Low Ahead of OPEC JMMC Meeting

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

About Post Author

fonecable

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Australian Dollar May Fall on Jobs Data, Economic Plateauing, China Tension

US Dollar Weekly Forecast: ECB Avoiding a Currency War, Eyes on Fed's New Mandate

September 12, 2020 at 05:00AM

The price of oil approaches the June low ($34.27) ahead of the OPEC’s September meeting as US crude inventories unexpectedly increase for the first time since July.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Related Post