Sentiments soured on Wall Street last Fri ahead of the informal OPEC member meeting that is scheduled on the

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

Crude Concerns

Sentiments soured on Wall Street last Fri ahead of the informal OPEC member meeting that is scheduled on the sidelines of the International Energy Forum on 26-28 Sep. According to Algeria energy minister, Saudi Arabia has mentioned lowering production to Jan levels ahead of the meeting. Global oil output has seen significant increase in Aug with large supply coming out of Russia, Libya and Nigeria. Saudi’s comments saw Brent crude futures recovering to levels around U$46.30 as we write...

Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Fiona Lim    (65) 6320 1374    fionalim@maybank.com.sg