Russian OilMin Novak: Oil prices between $50-60/bbl comfortable for Russian budget

Russian energy minster Novak is on the wires now, via Reuters, noting that the oil-price range between $ 50-60/bbl is in line with the Russian budget.

Dec 12, 2016

EUR/USD consolidates the Asian recovery ahead of FOMC week

The recovery in the EUR/USD pair from near 2016 lows lost legs just shy of 1.0570, with the bulls now struggling hard to retain the bids as we progres

Oil: The first cut is not always the deepest - ANZ

Philip Borkin, Senior Economist at ANZ, notes that in a surprise move, Saudi Arabia announced its intention to cut oil production even more than what