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22 Jun 2021

WTI drops to $72.50 as OPEC+ said to discuss a possible increase of oil output from August

The OPEC and its allies (OPEC+) are discussing a possible further increase of oil output from August, Reuters reports, citing sources with the knowledge of the matter.

Earlier on, Bloomberg reported that Russia is said to consider proposing an OPEC+ output hike at the meeting next week because the nation sees a supply deficit in the market.

These come ahead of the meeting between Russia’s Deputy Prime Minister Alexander Novak and the country’s main producers on Tuesday to discuss the market situation.

WTI drops below $73 .. more to come ....

Jun 22, 2021

EUR/USD to extend its decline towards the 1.1760 mark – Credit Suisse

EUR/USD strength stays seen as temporary ahead of a test of its uptrend from last year and 78.6% retracement of the March/May rally at 1.1833/23. Whil
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Jun 22, 2021

USD/CNH could be headed towards the 6.5000 region – UOB

According to FX Strategists at UOB Group, USD/CNH’s upside momentum could extend to the 6.5000 area in the next weeks. Key Quotes 24-hour view: “Our e
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