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Monday, April 3, 2023

Fundamental: OPEC+ Surprises while Manufacturing Remains Challenged

Forex Factory
 
 
Alert Alert Apr 3, 2023, 6:46pm
 
Fundamental: OPEC+ Surprises while Manufacturing Remains Challenged
News of OPEC+ unexpected output cuts saw May WTI gap sharply higher and helped lift bond yields. May WTI settled near three-week highs before the weekend near $75.65 and opened today near $80. It reached almost $81.70 before stabilizing and is straddling the $80 area before the North American session. The high for the year was set in the second half of ...
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