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13 Feb 2020

Russia has yet to decide on oil cuts with OPEC

The Kremlin has announced that Russia has yet to decide if to cut oil production in coordination with the Organization of the Petroleum Exporting Countries (OPEC). Sources in Moscow added that they will announce their position in due course. 

Russia is one of the world's largest petrol producers and it has been reluctant to reduce production in reaction to the coronavirus. Saudi Arabia, the largest producer in the OPEC cartel, has been urging to curb output to push prices higher.

WTI Crude is trading below $51, stable. On Wednesday, the US reported an unexpected increase in inventories of the black gold.

Feb 13, 2020

AUD/USD Price Analysis: Recovers a part of early lost ground, still in the red below mid-0.6700s

The AUD/USD pair failed to capitalize on its recent recovery move from over a decade low and started retreating from a resistance marked by over one-w
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Feb 13, 2020

NZD/USD extends the corrective upside for the time being – UOB

Further upside in NZD/USD should be seen as corrective and unlikely to challenge the resistance at 0.6525, according to FX Strategists at UOB Group. K
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