Breaking news: Oil jumps on talk of OPEC cuts

There’s been a sharp move higher in both Oil and Oil.WTI in recent trade after Reuters reported that OPEC are to consider deeper oil cuts at the December meeting. The story which cites 4 OPEC+ sources say the measures are due to the demand growth outlook in 2020 with the cartel stating the first steps will be to push for better compliance with the current quotas - Iran and Nigeria are among the countries that have failed to properly comply with cuts.

Oil has jumped to its highest level of the day as the news hit the wires, with price running up to the prior highs around 60.25 before meeting some resistance. Source: xStation

17 September 2026, 4:45 PM

US Open: Nasdaq, gold and silver surge following... an interest rate hike (17.09.2026)

17 September 2026, 8:46 AM

Chart of the day 🔼 Gold rebounds 1.3% despite hawkish Fed stance (17.09.2026)

16 September 2026, 8:19 PM

📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls

16 September 2026, 7:59 PM

Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.

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