OPEC agrees to limit oil production to 32.5 mln bpd - two OPEC sources

this will screw up the recovery in EUROPE and USA....... Go long on USD............

Buy on RUMORS, sell on FART?

Why this wasn't in the FF Calendar? Conspiracy or what?

Selling at the top of the spike. Betting OPEC members will cheat.

Whats about Russia?

Thanks to this news, my AUD/CAD and NZD/CAD short took off, done for the day.

OPEC announces 32.5 BPD(May production) limit for oil production, down from 33.69 output at the end of August. At the first sight seems not to be a big deal. Market reaction, for now, rather mild.
Price turned down around my level 47.10.

Anyway, looks like we might be having new correlation:

Falling USDJPY vs falling EURUSD, AUDUSD, before it was opposite. Even now we had a great evidence, OIL deal gave a risk-on with the above correlation in play, to reverse after a while.

Sentiment might be now in the most serious risk-off mode, implying first JPY, second USD as a last shelter.

Usually, when speaking about monetary policy divergence, USD was the only gainer/loser.

What could cause this change?

It's a really tiny change, being 3% total from OPEC only. Since OPEC only supplies about 40% of oil globally, fundamentally this is a non-event since it amounts to about 1% drop in oil supply worldwide. Given that demand is trailing supply by well more than that, the surplus will continue to persist.

Yep Opec what a laugh I was targeting 48.20 for a top and sell during the spike but not even the fraudulent oil market could get it to there oh well crack at the top of this spike if the manipulators drive it there to take the stops