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Russia said to not support deeper output cuts – Reuters

 Russia is said to not support deeper output cuts, prefers extension of the current OPEC deal. Reuters was citing one source familiar with the matter.

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Market implications

WTI hit a fresh low for the day to $49.41 on the news. More to come...
 

Fed's Daly: Policy is in a really good position, labour market had more room to run

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US ISM Non-manufacturing consistent with moderate expansion in growth – Wells Fargo

The ISM non-manufacturing index rose in January to 55.5, surpassing expectations. Through the monthly volatility, the headline index remains consisten
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