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.
4:52 PM, December 9
Summary: Oil rallies as OPEC+ announce production cuts USDCAD swoons as NFP misses and Canaiain jobs beat Bounce seen in stocks...
3:27 PM, December 9
Summary: OPEC+ agree to 1.2M output cut Deal has provided a big boost with Oil and OIl.WTI both up by around 5% Markets probing...
2:39 PM, December 9
Summary: US NFP: 155k vs 198k exp; Earnings M/M: +0.2% vs +0.3% exp Canadian employment change: 94.1k vs 10.5k exp US yields and...
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