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Ilham Aliyev: Ukraine and Azerbaijan successfully cooperate for many years

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"Ukraine and Azerbaijan have been successfully cooperating with each other for many years, we protect each other's interests on international platforms as well," Azerbaijani President Ilham Aliyev said at a meeting in an expanded format with President of Ukraine Volodymyr Zelensky.

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Oil prices rise slightly ahead of OPEC+ meeting

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Global oil prices on January 28 morning rose slightly after falling on January 27. Investors continue to expect an OPEC+ meeting, Report informs.

The price of April futures for Brent crude rose by 0.44% to $88.56 per barrel, March futures for WTI grew in price by 0.58% to $87.11 per barrel.

Traders’ attention is focused on the OPEC+ meeting scheduled for February 2. On this day, countries outside the cartel will decide on oil production in March. It is expected that OPEC+ will continue to increase production by the planned 400,000 barrels per day every month.

Investors also assess the prospects for the balance of supply and demand in the market, taking into account underlying factors.

Fears of a COVID-related hit to demand did not materialize. With the sharp drop in spare capacity, it will be difficult for the market to cope with any new unplanned outages, the Wall Street Journal reports. Analysts believe that the market will remain in deficit in the first quarter of 2022.

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Key indicators of world commodity, stock, and currency markets (28.01.2022)

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Current price

Compared to the previous day's close

Compared to the beginning of the year

Commodity

Brent (dollar/barrel)

89.70

0.46

10.65

WTI (dollar/barrel)

87.07

0.44

10.57

Gold (dollar/ounce)

1,799.00

– 18.00

0.80

Indices

Dow-Jones

34,160.78

– 7.31

– 2,327.85

S&P 500

4,326.51

– 23.42

– 466.55

Nasdaq

13,352.79

– 189.33

– 2,413.42

Nikkei

26,698.82

476.72

– 2,160.35

Dax

15,524.27

64.88

– 327.98

FTSE 100

7,554.31

84.53

133.62

CAC 40 INDEX

7,023.80

41.84

– 137.72

ShanghaiComposite

3,396.07

– 29.21

– 222.73

BIST 100

1,997.69

46.52

102.23

RTS

1,399.64

75.24

– 190.10

Currency

USD/EUR

1.1151

– 0.0100

– 0.0200

GBP/USD

1.3402

0.0000

– 0.0100

USD/JPY

115.4200

0.7800

0.2800

USD/RUB

77.7170

– 1.9000

3.4900

USD/TRY

13.6253

0.0200

0.2900

USD/CNY

6.3563

0.0100

– 0.0100

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Canadian PM isolates after COVID-19 exposure

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Canadian Prime Minister Justin Trudeau has said in a tweet on Thuesday that he is isolating after being notified of a COVID-19 exposure.

"Last night, I learned that I have been exposed to COVID-19. My rapid test result was negative. I am following Ottawa Health rules and isolating for five days," he said.

Trudeau noted that he feels fine and will be working from home, once again calling on Canadians to get vaccinated.

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