European Regional Development Fund

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Oil talks end without an agreement. What's the impact on markets?

Published 4 years ago by BlackDigits

Oil prices increased over the past weeks in view of this meeting which although wouldn't have decreased oil supply, the agreement would have at least put a cap on output. All oil producers are pumping at full capacity right now so the agreement wouldn't have made a big difference. The lack of an agreement will probably still put downward pressure on equity prices this week because it will erase recent stock market gains made in view of an agreement between the oil producing nations.

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