The Russian Prime Minister Novak announced that Russia would limit oil production by 500,000 barrels a day in March as a response to embargo and price caps imposed on the Russian federations. Oil prices moved higher on the news.
Source: xStation5
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
NATGAS muted amid EIA inventories change report