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RUB Shines as OPEC Sticks With November Output Levels

RUSSIA
  • RUB outperforming peers ZAR & TRY today on the back of the OPEC+ decision to stick to its existing 400k bpd output hike for November
  • Brent is up +2.59%, skyrocketing past the $80/bbl mark
  • USD/RUB (-0.31%) is approaching last week's lows at 72.4238, but must break through 72.50 support first
  • Russian rates not sharing the same enthusiasm, however, trading bear steeper on the day as risk aversion persists
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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