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1 Nov 2017

OPEC likely to keep existing oil production curbs in place for rest of 2018 - Reuters

Citing Gulf OPEC sources, Reuters recently reported that OPEC is likely to keep the existing oil production curbs in place for the rest of 2018 despite potential output disruptions next year.

Key quotes

"OPEC is unlikely to raise oil production to make up for potential supply disruptions in Venezuela or elsewhere such as Nigeria, Libya."

"OPEC wants to see floor for oil prices at $60 a barrel next year"

Nov 1, 2017

GBP/USD: tables turned, back below 1.3300 in NY ahead of FOMC

GBP/USD has fallen back from testing a fresh multi-week high above 1.33, when the pound was outperforming its G4 peers and strengthening against most
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Nov 1, 2017

US ISM: Despite retreat in headline, production remains strong - Wells Fargo

According to analysts from Wells Fargo,  today’s ISM Manufacturing report shows encouraging underlying details and signals continued strength...
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