Russia Oil Output and Oil Prices

Falling oil prices: Oil prices extended losses Tuesday as Russia crude output reached record high, according to Xinhua China. Russia oil output climbed 1.5 percent in January, reaching a post-Soviet high level, according to the data from Russian Energy Ministry. With no major data came out of the country, U.S. investors focused on the oil market. Falling oil prices triggered market appetite for safe-haven assets. The dollar index, which measures the greenback against six major peers,was down 0.11 percent at 98.903 in late trading. The greenback fell 0.8 percent against the yen on Tuesday. (news.financializer.com). As reported in the news.