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The rise of the shale drillers threatens the oil outlook,
not help by the fact that the OPEC output cut agreement that is already
looking shaky. In addition, Russia is undecided on whether to extend its
agreement on the production curbs into the second half of this year. WTI
slumped 4.3% overnight and was last seen around USD45.50/bbl. Brent also
recorded a 4.5% slide. USDCAD touched a high of 1.3775 overnight. Other
commodity-related currencies also weakened with AUDUSD, testing...
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