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Norway's Oil Minister: No plans for Norway to cut oil output

Norway has no plans to lower its oil output, Norway’s Oil and Energy Minister Tina Bru told TV2 on Tuesday, per Reuters.

"Today's oil price is no threat to output from Norwegian fields," Bru added. "We are still producing profitably."

Market reaction

The market reaction to these comments was muted. The barrel of West Texas Intermediate, which dropped to its lowest level since February at $19.25 on Monday, was last seen trading at $21.60, adding 6.65% on a daily basis.

When is the monthly Canadian GDP report and how could it affect USD/CAD?

Tuesday's economic docket highlights the release of monthly Canadian GDP growth figures for January, scheduled to be published at 12:30 GMT by Statist
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Russia: Current oil market situation not in interest of Russia and US

There is an understanding between Russia and the US that the current oil market situation is not in the interest of their countries, a Kremlin spokesm
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