Russia to increase oil production in 2015

FXStreet (Mumbai) - As per Livesquawk report, Russia is set to increase its oil production in 2015 by 1%. Russian production is around 10.5 million barrels per day and the recently overtook Saudi Arabia as biggest sellers to China.

As of now, the news has had no major impact on Crude prices. WTI Crude for Oct delivery is trading 13 cents lower around USD 45.82/barrel. Brent for Oct delivery is up 11 cents at USD 49.63/barrel.