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NEW YORK (Reuters) - U.S. crude oil production is expected to fall by 600,000 barrels per day (bpd) in 2020 to 11.63 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a smaller decline than the 670,000 bpd it forecast previously.
GBPUSD ANALYSIS
The cable pair broke an ascending support line, now resistance, from September 30 the previous day but refrained from closing below 50-DMA, around 1.3710 now. Given the bullish MACD signals and multiple supports around the 1.3710-3700 area, comprising 50-DMA and 50% Fibonacci retracement (Fibo.) of
