Market Comment | Oil prices drove financial markets on expectations of OPEC deal
Published on Monday, November 21, 2016
Market Comment | Oil prices drove financial markets on expectations of OPEC deal
Summary
Sharp rebound in oil prices mainly drove financial markets on hopes of coordinated measures to control world supply. Optimistic comments from Iran’s oil minister about a potential agreement among OPEC members at the official OPEC meeting in Vienna next week and the Russian president’s comments on this issue underpinned the rebound. Meanwhile, inflation expectations in […]
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BBVA Research
BBVA Research