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Oil rallies back on the week on Middle East fears

Oil is up nearly 4% on the day with WTI crude now seen up to above $86 in a big surge in European morning trade. This comes as Israel issued a threat and instructed civilians in Gaza to evacuate the city and relocate to the south within the next 24 hours. As such, markets are responding by seeking shelter ahead of the weekend it would seem.Looking at other commodities, gold is also up 1% on the day to $1,887 as safety bets are preferred. The yellow metal is helped out by a continued rebound from... Read More

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Posted: Oct 13 2023, 10:24

Author Name: forexlive

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