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Risk aversion remains at the start of the week

Could strong retail sales report prompt more selling? Markets remain in risk aversion mode at the start of the week, with losses being recorded across Asia and Europe and US futures pointing to a similar session on Wall Street. While the losses being reported are more modest that those seen last week, which investors will…

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OANDA Market Insights podcast (episode 35)

OANDA Senior Market Analyst Craig Erlam review the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Global market sell off, IMF warns Italy, Chancellor optimistic on Brexit, Crude slumps on market uncertainty. OANDA Market Insights podcast (episode 35) Posted 13 minutes ago Oil Prices Rise but…

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Oil update : Batten down the hatches

Oil traded above $74 a barrel on concerns Hurricane Michael in the U.S. may exacerbate a supply crunch, while the International Energy Agency warned higher prices may put the world economy at risk. Futures were little changed in New York after gaining 0.9 percent on Tuesday. OPEC and other key producers need to boost output as the…

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Mixed signals for oil in early Asia trade

TOKYO, Oct 10 (Reuters) – Oil prices edged lower on Wednesday after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned towards Florida, causing the shutdown of nearly 40 percent of U.S. Gulf of Mexico crude output. Brent crude futures were down 2 cents at $84.98 a barrel by…

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Oil falls to $83 as Iran sanctions near

Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. re-imposes sanctions, easing a strain on supplies. Two companies in India, a big buyer of Iranian oil, have ordered barrels in November, India’s oil minister said on Monday. The Trump administration is…

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Oil drops 1 pct on US Iran waiver talk

Brent crude oil prices fell by more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran. Hedge funds cut their bullish wagers on U.S. crude in the latest week to…

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