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6 Mar 2020

Breaking: Russia reportedly won't agree to additional output cuts, WTI drops below $44

Russia will only agree to extend the existing OPEC+ oil output cuts and won't back additional output cuts, Reuters reported on Friday, citing a high-level Russian source familiar with the matter. "Rıssia's position won't change," the source told Reuters.

Crude oil reaction

With the initial market reaction, crude oil prices came under heavy selling pressure and the barrel of West Texas Intermediate was last seen trading at its lowest level since December 2018 at $43.90, erasing 4.5% on a daily basis.

Mar 6, 2020

S&P futures pointing to 3% crash as coronavirus spread om the US feared

Futures on the S&P 500 index of top US stocks is pointing to a drop of 3% at the open in Wall Street. Cronavirus concerns are weighing heavily on the
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Mar 6, 2020

GBP/USD: Overbought conditions implies a correction

The cable has topped a downtrend resistance line stretching from the peak of 1.3070 in mid-February though the break has not been confirmed yet. GBP/U
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