Venezuela calls for an OPEC emergency meeting

Market news

21 January 2016

Venezuela calls for an OPEC emergency meeting

Reuters reported on Wednesday that according to OPEC sources, Venezuela called for an emergency meeting to discuss the stabilisation of the oil market as oil prices hit the lows of 2003.

It is unlikely that an emergency meeting will be held as Saudi Arabia's strategy is to defend market shares.

The next scheduled OPEC meeting is scheduled to be on June 02.

Option expiries for today's 10:00 ET NY cut

Iran cuts crude prices for its European consumers

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.