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Russia may cut the budget rule oil price to as low as USD 45-50/bbl

Russia signaling a potential cut to the budget rule oil price to as low as $45-50 per barrel could indicate a shift in their fiscal strategy, likely aimed at accommodating lower revenue expectations.

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Russia may cut the budget rule oil price to as low as USD 45-50/bbl

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This may lead to increased supplies in the oil market as Russia adjusts its production to align with budgetary needs, potentially impacting price stability and influencing FX rates for commodity-linked currencies like the CAD and NOK. Watch for ripple effects in global oil prices and related equities as this develops.

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