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Iran to challenge production cuts – Reuters

FXStreet (Mumbai) - As per Reuters report, Iran looking to recoup market share, shall oppose the idea of production cuts.

Meanwhile, Dow Jones is reporting comments from Russian energy minister that it is too early to talk of potential production cuts pact.

Elsewhere, as per Bloomberg reports, OPEC delegates have stated that there is no planned meeting with Russia as of now.

WTI oil rises to 2-1/2 week high on production cut talks

US oil futures climbed to 2-1/2 week highs after Russian oil minister talked about involving all oil producing nations to cut output by 5%.
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USD/RUB slumps to 75.50 on stronger oil

The Russian Ruble is intensifying its upside momentum vs. the dollar, now sending USD/RUB to clinch lows in the mid-79.00s...
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