OPEC discuss to increase output to 600,000 bpd

18 Jun 2018 11:39 AM

OPEC members said they were seeking a compromise to overcome the Iranian opposition, while Saudi Arabia and Russia stressed that they going to work on making oil alliance permanent.

Oil prices fell for the second month in a row to a two-month low of $ 64.50 a barrel and are currently testing the 61.8% Fibonacci retracement of a rising trend line over the daily time frame.

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