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Brent crude oil climbs $1 to settle at the highest in a week

A falling US dollar and hopes for a soft landing in the US led to a third rally in brent crude in the past four trading days. Oil climbed $1.04 to settle at $85.48, which is the highest intraday since August 21 and the highest settlement since Aug 14.There is something of a 'buy everything' mode in markets today despite a round of poor US economic data today, including job openings and consumer confidence. The market is breathing a sign of relief that the Fed isn't going to hike further, or at l... Read More

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Posted: Aug 29 2023, 18:55

Author Name: forexlive

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