fxstreet.com 17 Feb, 2021 13:45 am

Urging OPEC+ to ease production cuts

India's oil minister Dharmendra Pradhan said on Wednesday that rising oil prices are hitting demand and hurting the fragile global economic recovery a

India's oil minister Dharmendra Pradhan said on Wednesday that rising oil prices are hitting demand and hurting the fragile global economic recovery and urged the OPEC+ to ease production cuts, as reported by Reuters."High oil prices may add to inflationary pressure," Pradhan added and noted that high oil prices also impact the demand growth in developing countries.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

"The demand recovery will take primacy over crude prices at least over the next few months," the minister further argued.The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Holey Moley: Denise Drysdale trips and fractures shoulder

Emergency crews called to help man at Horstead Mill

EHANG UPDATE

Extinction Rebellion are 'pussycats' and council should embrace them, new climate tsar says

DJ Snake - Carte Blanche

Pandemic hasn’t completely brought curtain down on student performers

Youth killed in Nilphamari municipal election violence

Ehsan Mani interview: We have got nothing against World T20 being held in India, PCB chairman says

Developer of Sputnik Light Vaccine Files for Approval in Russia, Other Countries

2 LAPD officers injured in Toluca Lake crash

Glacial period impacted crocodile evolution

Vogue Williams puts on a leggy display in TINY leather shorts

'Unionists can get rid of protocol': Rees-Mogg

Left-Cong grand alliance will defeat TMC, BJP, says Adhir Ranjan Chowdhury - The Hindu

Gurugram condominium declared Covid containment zone

ROP and PACDA help in controlling tree fire

Mystery over row that prompted family's call before Cork murder-suicide of three brothers

Opioid-epidemic drama ‘Crisis’ misses the mark

Small 3.8 quake hits near Salinas, Monterey County, California, USA / VolcanoDiscovery

Letter to the editor: Know Maine law before deciding if you want to change it

Prince William warns social media is 'awash' with coronavirus vaccine misinformation

Urging OPEC+ to ease production cuts

AUD/USD drops further below 0.7700 as risk dwindles amid a quiet session

USD/JPY extends the upside in firmly bullish technicals

China has toughened its language towards Taiwan

S&P 500 Futures drop half a percent amid chatters over Gamestop, covid vaccines and china

Dollar pares gains on U.S. GDP and rise in stocks

Employment conditions are still in a weak condition overall

Risk catalysts supersede upbeat data, China tension renews

Unemployment rate to rise to 5.6% – Westpac

GBP/USD bounces off intraday low to regain 1.3700, focus on vaccine jitteres, Gamestop and China

AUD/USD increased 0.0029 or 0.38% to 0.76772

Stocks trade weaker as US equity FUTs declined; USD rises into month-end

Surge in interbank rates is a hawkish signal – Capital Economics

USD/JPY refreshes seven-week top as risk-off mood favors US dollar

Delay in vaccine roll – out can turn into political risk for the EU

Markets roiled by retail-trader frenzy, vaccine concerns, eyes on US data

Attention is now on 1.2014 – Commerzbank

Downside looks contained

USD/JPY faces potential upside to the 104.75 area – UOB

Stellar primed for a 30% breakout as sentiment turns extremely bullish

Dogecoin's 600% rally could jumpstart the next altseason

Further losses appear unlikely

AUD/USD could drift towards the 0.7560 area – UOB

ZIL on the verge of a 67% move following extended consolidation

Brokers’ restrictions on GME and AMC set a dangerous precedent – FXStreet Editorial

BTC bulls battle key short-term resistances above $34,000

Lockdown triggers renewed slide in Q4 GDP – Capital Economics

Risk reduction dominates sentiment

Stocks decline after Q4 GDP weakness

Ripple on the brink of 40% upsurge targeting $0.38

Elon Musk buys Bitcoin igniting the next bull run

Room for a potential move to 105.64 – Commerzbank

BSP likely to remain on hold in 2021 – UOB

Is the manufacturing cycle peaking?

Global stocks slump, US dollar gains as risks remain

Another chance of a move to 1.2200

Annual Core PCE Price Index arrives at 1.5% in December vs. 1.3% expected

Upside capped by the resistance line near 90.80

Robinhood suspends cryptocurrency trading following Doge’s 1,000% rally

Gamestop (GME) Stock Price and Forecast

We are confident of our vaccine supply chains

Real GDP grows by 0.7% in November vs. 0.4% expected

USD/CAD slumps to 1.2750 area on USD weakness, strong Canada GDP

COVID-19 vaccine is 66% effective overall in global trial

Economy maintains solid pace of recovery into November – TD Securities

EUR/GBP nudges higher to 0.8850 region, eyes multi-month lows under 0.8820

NZD/USD slips back below 0.7200 level as month-end flows dominate FX markets

Will the LBMA receive an exemption from Basel III rules?

Retail trading frenzy sinks major indexes, J&J and Novavax positive vaccine news, Gold’s volatile session

GBP/USD slips back under 1.3700 as week draws to a close

Close price forecasts

Mounting chances of a bearish extension

Fears limit demand for high-yielding assets

Supported by dollar’s demand and rising yields

Fears could escalate at the weekly opening

Brace for more volatility

A Black Swan so soon for 2021 in Gamestop GME, a new dynamic

GBP/USD wavers around 1.3700 amid mixed covid vaccine news, hints of UK’s recovery plan

Global coronavirus vaccine updates