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Russian Pres. Putin: Russia agrees with Saudi to extend OPEC deal by 6-9 months, Oil seen higher

June 29, 2019 by admin 0 Comments

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The Russian President Putin met the Saudi Arabian delegation at the G20 meeting and said that Russia agreed with Saudi Arabia to extend the OPEC+ oil output cuts deal by six to nine months.

Oil bulls are likely to receive a double booster on Monday following the US-China trade truce and the above headlines. WTI could head back towards the $ 60 mark while Brent could re-attempt the 66 handle.

This article was originally published by Fxstreet.com. Read the original article here.