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Oil claws back most of its losses but still finishes 35-cents lower to $69.16

Worries about the global economy continue to weigh on oil. Crude fell as low as $67.35 today in a test of the post-Saudi cut lows but the bulls made a stand it rebounded to close only modestly lower.Still, it was the second day of selling third weekly decline in the past four weeks. A larger theme that weighed this week was increasing evidence that Iran's exports are getting to market.The idea that Iran is exporting much more than believed, and possibly near full capacity, helps to explain how g... Read More

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Content Topics

Claws

Back

Most

Losses

Still

Finishes

35 Cents

Lower

69

16 35 cents

69 16

Forex

Posted: Jun 23 2023, 18:32

Author Name: forexlive

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