Oil prices falls by 2,6% due report on OPEC's +
Reuters has reported that OPEC+, a cartel of oil-producing countries, is strongly considering a production hike commitment at its meeting over the weekend.
OIL.WTI (H4)

Source: Xstation
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appDonald Trump’s policy and lower prices have forced the cartel’s hand to attempt to reclaim recently lost market share.

Source: Bloomberg Finance LP, XTB
OPEC has already surprised traders multiple times this year with its shift in strategy toward being more production-oriented rather than controlling supply by all means.