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Petrocurrencies RUB, CAD and NOK at Risk as Oil Price Outlook Worsens

RUB, CAD AND NOK: PRICES, NEWS AND ANALYSIS: US inventories of crude oil are rising and OPEC+ will likely agree a small output increase when it meets tomorrow, putting downward pressure on oil prices. That’s negative for petrocurrencies such as the Russian Ruble, Canadian Dollar and Norwegian Krone, and therefore positive. for USD/RUB, USD/CAD and EUR/NOK.   PETROCURRENCIES UNDER DOWNWARD PRESSURE The climb in crude oil prices that began in mid-August has run out

MongiIG

MongiIG in Market News

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