Freeze production agreement has been reached but analysts say what did the U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants Stocks – 29 am Beijing time Bloomberg quoted sources said, OPEC has reached an agreement, will limit the amount of Nissan in the interval 3250-3300 million barrels. OPEC will set up a committee before the November OPEC meeting to determine how to reduce the amount of quotas between countries. But some analysts believe that the OPEC protocol is a limiting political gesture, and not for what. Oppenheimer Gheit, a senior analyst at Fadel, believes that the first time in 8 years, OPEC reached an agreement may not be enough to stabilize the oil market. Supply remains high, demand growth is weak, shale oil production will increase. Nothing is going to happen unless an agreement is reached for a 5% reduction in OPEC. Earlier, Goldman Sachs has been the end of this year, the U.S. WTI crude oil prices are expected to decline from the previous $51 barrel to $43 barrel. Goldman Sachs believes that even if the OPEC reached a freeze production agreement, which will only provide support for oil prices in the short term. Taking into account the future supply and demand level there is still a lot of uncertainty, oil prices in addition to the need to reflect the recent changes in fundamentals, but also need to focus on the more volatile long-term fundamentals. OPEC reached agreement limited production after the news, the U.S. oil and oil cloth was both rose nearly 6%. Closing, the New York Mercantile Exchange in November delivery of West Dezhou crude oil (WTI) futures prices rose $2.38, or 5.3%, to close at $47.05 a barrel, a new high since September 8th closing. London Intercontinental Exchange November delivery of Brent crude oil futures rose $2.72, or 5.9%, to close at $48.69 a barrel. Editor: handsome can Cong相关的主题文章: