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Iraq oil minister: Decline in oil has stopped, prices to improve gradually

Iraq oil minister Thamir Ghadhban was out on the wires in the last hour, saying that any decision related to further OPEC cuts depends on monitoring price developments.

Additional quotes:

   •  The decline in oil has stopped, prices to improve gradually.
   •  Has not reached any agreement so far with Iran to develop joint oil fields.

GBP/USD corrects further to mid-1.2700s, fresh session lows

   •  Fading trade optimism helps revive USD demand and prompts some selling.     •  Brexit uncertainties continue to weigh on the GBP and add to the
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South Africa Manufacturing Production Index (YoY) below expectations (2.5%) in November: Actual (1.6%)

South Africa Manufacturing Production Index (YoY) below expectations (2.5%) in November: Actual (1.6%)
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