Source: Russia’s oil output stood at 11.054 million bpd on June 1-26 - Reuters

Reuters quoted a source familiar with the data, as saying that the Russian oil production stood at 11.054 million barrels per day (bpd) on June 1-26.

Earlier today, it was reported that the Russian Energy Minister Alexander Novak met the US Treasury Secretary Steven Mnuchin and discussed the energy issues and the US sanctions on Russia.

Novak said in a press briefing in Washington, “We met. We discussed energy issues, among other things. We touched upon questions related to sanctions. We can’t sidestep these difficult questions, so of course we touched upon them during our contact.”

Gold Technical Analysis: still far from finding a near-term bottom

   •  Confirms a bearish break through a medium-term ascending trend-line, extending from extending from Jan. 2017 lows through lows touched in July/D
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ECB: Dovish impact of June meeting - Rabobank

According to analysts at Rabobank, ECB’s June meeting had a distinctly dovish market impact and the main cause is the more explicit forward guidance.
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