{"id":88265,"date":"2016-04-18T06:46:58","date_gmt":"2016-04-18T10:46:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=88265"},"modified":"2016-04-18T06:46:58","modified_gmt":"2016-04-18T10:46:58","slug":"oil-tumbles-after-deadlock-in-doha","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/oil-tumbles-after-deadlock-in-doha\/","title":{"rendered":"Oil tumbles after deadlock in Doha"},"content":{"rendered":"<div id=\"inves-1670332302\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 18, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Al eyes were on the Doha meeting over the weekend where oil producing countries met to negotiate an output freeze.<\/p>\n<p>Failure to reach a deal to limit oil production and Iran\u2019s refusal to join any agreement disappointed the markets and oil prices tumbled at the open on Monday. Meanwhile, commodity-linked currencies such as the Canadian and Australian dollars, also suffered.<\/p>\n<p>US oil futures fell 6.7 percent to $37.68 a barrel, while Brent futures slipped 6.7 percent to $40.18 a barrel. Prior to the meeting, oil pries were rising last week to above $40 a barrel due to hopes for a deal this weekend.<\/p>\n<p>Commodity currencies such as the Canadian dollar weakened on the news while investors rushed to buy safe haven currencies like the Japanese yen.<\/p>\n<p>The Canadian dollar fell 1 percent as USDCAD rose to $1.2957 Canadian dollars. AUDUSD eased to $0.7594, also down 1 percent.<\/p><div id=\"inves-151527906\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The yen gains on safe haven flows, pushing USDJPY to a near 18-month low of 107.63 yen, while EURJPY fell to a three-year low to below 122.00 yen, for the first time since April 2013.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Al eyes were on the Doha meeting over the weekend where oil producing countries met to negotiate an output freeze. Failure to reach a deal to limit oil production and Iran\u2019s refusal to join any agreement disappointed the markets and oil prices tumbled at the open on Monday. Meanwhile, commodity-linked currencies such [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-88265","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=88265"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88265\/revisions"}],"predecessor-version":[{"id":88293,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88265\/revisions\/88293"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=88265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=88265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=88265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}