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Russia to cut production by 300K bpd in May/June – Russia’s Novak

Russian Energy Minister Alexander Novak said on Thursday that the country will cut it soil output by the targeted 300K bpd in May/June.

Novak also said that February/March oil cuts are seen ahead of plan.

USD/JPY sinks to lows near 113.60 ahead of US data

The greenback remains on the defensive so far on Thursday, now dragging USD/JPY to fresh lows in the 113.65/60 band. USD/JPY attention to US docket
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Spain 10-y Obligaciones Auction: 1.73% vs 1.45%

Spain 10-y Obligaciones Auction: 1.73% vs 1.45%
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