Oil Traders Expect Producers to Control Supply; FOMC Minutes, US CPI and Retail Sales in Focus

Posted October 9th, 2017 by JamisonRolfe and filed in General News

Crude oil prices recovered mildly after falling last week. Traders tend to believe that the OPEC/non-OPEC producers would strive to rebalance the market. As suggested by OPEC Secretary-General Mohammad Barkindo on Sunday, “there is a growing consensus that, number one, the re- balancing process is underway… Number two, to sustain this into next year,…

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Oil Traders Expect Producers to Control Supply; FOMC Minutes, US CPI and Retail Sales in Focus

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