WTI Outlook | US and Russia could work towards regulating Oil prices | 17 July 2018

US and Russia could work towards regulating Oil prices - During the Trump Putin meeting yesterday WTI dropped to $68 per barrel as the two presidents were asked to comment on Oil and natural Gas developments. - Donald Trump claimed the US to be the largest Oil and Gas producer in the world currently - The fact remains that President Putin stated that US and Russia could work towards regulating Oil prices. He added that, no country would benefit if prices plunged, as it would make it unbearable to produce. He also clarified that very high prices could hurt demand and supply and so a medium price could be the most appropriate for global coverage. - Following up on the Iranian sanctions, the United States is considering allowances for countries that need more time to adjust, in order to reduce imports from Tehran. - In Iraq, demonstrations are taking place very close to the giant Zubair oilfield near Basra. [Download full report]( Crude Oil 4 Hour Chart below [Image title] [start trading]( [open demo account]( All trading involves risk. It is possible to lose all your capital. Prepared by: Peter Iosif and Angelos Zittis [Facebook]( [Linkedin]( [Instagram]( [Twitter]( [Google+]( [YouTube]( - Tel: +44 (0) 20 3282 7777 - Email: support@ironfx.com High Risk Trading Warning: Our services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. Trading with high leverage level can either be against you or for you. Margin products may not be suitable for everyone and you should ensure that you understand the risks involved. You should be aware of all the risks associated in regards to products that are traded on margin and seek independent financial advice, if necessary. Please read IronFX’s Risk Disclosure statement. This website is owned and operated by IronFX. Licences and Authorisations IronFX is a trade name of Notesco Financial Services Limited (formerly IronFX Global Ltd). Notesco Financial Services Limited is authorised and regulated by CySEC (License no. 125/10) Group Licences and Authorisations 8Safe UK Limited is authorized and regulated by the Financial Conduct Authority (FCA no. 585561) GVS (AU) Pty Limited is authorized and regulated by ASIC (AFSL no. 417482) IronFX does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. [Unsubscribe](