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25 Jul 2018

Russia’s Novak: Russia boosts 2018 oil output estimate to 551m tons

Russia’s Energy Minister Alexander Novak is on the wires now, via Bloomberg, announcing the oil output estimates for 2018 and 2019.

Key Points:

Russia boosts 2018 oil output estimate to 551m tons.

Russia's 2019 oil production seen at 555m tons.

Jul 25, 2018

Gold climbs back above $1225 level amid weaker USD

• Renewed USD weakness helps regain some positive traction on Wednesday. • Cautiousness ahead of Trump-Junker trade talks provides an additio

EUR/USD looking to break the range – UOB

The pair’s outlook remains neutral in the near term and is expected to trade within the 1.1640/1.1850 range, according to FX Strategists at UOB Group.