It was a cautious start to the New Year as investors braced for a series of high-risk events and key economic data in the week ahead.
All eyes were on the OPEC+ meeting on Monday which ended up being delayed by an extra day due to disagreements over whether to relax production cuts in February. Talks eventually concluded with the cartel lifting oil production by 75,000 barrel per day over January’s levels. However, the real shocker was when Saudi Arabia announced that it will slash its output levels by 1,000,000 barrels per day (bpd) over February and March.
Unease over the rising… Read More:
For all Articles related to FXTM please click here