Saudi Arabia and Russia preliminary agree on one-month extension of existing OPEC+ oil output cuts – Reuters reports, citing two OPEC+ sources

Market news

3 June 2020

Saudi Arabia and Russia preliminary agree on one-month extension of existing OPEC+ oil output cuts – Reuters reports, citing two OPEC+ sources

According to sources, OPEC+ countries discuss implementing criteria for compliance with oil cuts and June 4 meeting is conditional on countries, which have not fully complied in May to compensate in upcoming months.

U.S. weekly mortgage applications decrease 3.9 percent

USD/CAD to re-test the 1.3320-1.3340 level – Credit Suisse

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