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US Oil production has apparently passed its peak – Commerzbank

In its latest monthly report, the US Energy Information Administration (EIA) has revised its forecast for US Oil production downwards, Commerzbank's commodity analyst Carsten Fritsch notes.
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USD/CNH: Likely to trade in a range between 7.1700 and 7.1950 – UOB Group

US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1950. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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