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State Oil Firm Says Has Ample Reserves

HUNGARY
  • Hungary's MOL issue a statement claiming that the company has 'ample' oil reserves and they are to last for several weeks.
  • EUR/HUF remains higher on the day following the oil cut-off news, eith the cross touching 397.79. 50-dma lies just ahead at 399.33 and the cross is now around 1.4% higher off the week's lows - which marked the lowest since early June.
  • Follows headlines earlier today from Russia's Transneft, who stopped pumping Russian oil through the Druzhba pipeline to Hugnary, the Czech Republic as well as Slovenia.

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