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OIL gains ahead of the OPEC meeting

15:50 5 December 2018

 

Hopes for the OPEC production cut at the meeting that will take place tomorrow push oil prices up on Wednesday. OIL.WTI gains 2.2% and OIL (Brent) rises by 2% as traders expect a production cut of at least 1 million barrels per day. There are also signals from the US that a further price drop could hurt the shale industry.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

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