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Saudi, Russia energy ministers sign agreement in China – BBG

Bloomberg quoting Saudi energy minister Khalid A. Al-Falih, noting that Saudi and Russian energy ministers sign agreement in China.

Key Quotes:

Saudi, Russia energy ministers sign agreement in China

Saudi, Russia discussed oil mkts, technology cooperation

Must cooperate with Russia on oil    

Saudi, Russia have consistent short and long-term views

Still hasn't disclosed specific agreement

Separately Interfax Reuters reports headlines noting that Russia, Saudi Arabia is expected to set up working group to monitor oil market, work out recommendations to ensure stability.

USD/JPY favours a test of 104.70 – UOB

In view of the research team at UOB Group, USD/JPY is poised to test the 104.70 area in the next weeks. Key Quotes “The revised 104.00 target was ex
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USD/RUB dips to lows near 64.50

The Russian currency is sharply higher vs. its American peer on Monday, dragging USD/RUB to fresh lows in the 64.60 area. USD/RUB weaker on oil gains
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