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Nigerian Oil Min: "Very unlikely" to join OPEC cuts before March

"Nigeria is very unlikely to join OPEC's cuts in oil production before March, its oil minister Emmanuel Ibe Kachikwu said on Wednesday," Reuters reported.

Key quotes (via Reuters):

  • An extension to the cartel's cuts, which are an attempt to stabilise oil prices, was possible since volumes of oil stocks were still a challenge.
  • I will not be surprised if an extension to the cuts is contemplated post-March

U.S. government posts $108 billion deficit in August - Reuters

"The U.S. government recorded a $108 billion deficit in August, the Treasury Department said on Wednesday," as reported by Reuters. Key takeaways:
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USD/MXN remains steady below 18.00, near 2017 lows

The Mexican peso continues to trade sideways in the short-term, near 2017 highs against the US dollar. A month ago, USD/MXN started to move in...
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