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The price of WTI crude futures are settling at $82.10. That is up $0.69 or 0.85%. The gains come after three consecutive losing sessions, and was driven by a bullish OPEC demand forecast and a significant drop in U.S. inventories. The EIA reported a 3.4 million-barrel drawdown in U.S. oil inventories, surpassing the expected 1.3
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AUD/NZD witnessed a significant rise to 1.1090, to multi-year highs. The RBNZ kept rates steady at 5.5%, signaling a willingness to ease sooner rather than later. RBA and RBNZ policy discrepancies might favor the AUD. On Wednesday, the AUD/NZD rose to a fresh high since 2022, in reaction to the Reserve Bank of New Zealand
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Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) kept its growth forecast for oil demand unchanged for this year and next, while U.S. crude and gasoline inventories likely fell last week. Brent futures were down 11 cents, or 0.1%, at $84.55 a barrel at 1212 GMT, after falling 1.3%
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