Russian crude oil production came in at 9.33mln BPD in December, Bloomberg reports; over 100k BPD below November's level due to drone activity and the impact of sanctions
The production decline in Russian crude oil to 9.33 million BPD in December, driven by drone activity and sanctions, signals a tighter supply environment.
BofA raises its 2026 average palladium price forecast to USD 1725/oz
[MARKET ANALYSIS] Fixed relatively flat as we count down to NFP
Russian crude oil production came in at 9.33mln BPD in December, Bloomberg reports; over 100k BPD below November's level due to drone activity and the impact of sanctions
Italian 12-Month BOT Auction 2.112% (Prev. 2.181% )
[MARKET ANALYSIS] XAU trades muted ahead of NFP and potential tariff decision
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This reduction may support higher oil prices, impacting commodity markets and related currencies, such as the RUB and NOK. Traders should consider the implications for inflation expectations and geopolitical risk factors moving forward.
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