Russian finance minister talking to Reuters 10 July
On proposed new US sanctions he says:
- negatively impact Russian plan to privatise state companies
- would be difficult to expand borrowing plan from 1trln roubles approved for this year
- new US sanctions wouldn't spur exodus of foreign investors from Russian OFZ bonds
He adds that Russia will focus on fighting tax evasion in 2018.
Oil has taken a dip of its own this morning with WTI falling to $46.20 from $47.15 on the plentiful supply still but running into a little demand as I type.
Baker Hughes June rig count just out showing up 3 from 957 in May comes on top of Friday's weekly report that Greg posted here.
Traders unimpressed by report that OPEC might ask Libya and Nigeria to cut output.
$60 per barrel certainly seems like wishful thinking right now.
WTI
