Bloomberg·1 min read·medium
Oil Edges Higher as Middle East Tensions Linger: Markets Wrap - Bloomberg.com
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Anand Krishnamoorthy
✦AI Summary
Oil prices rose slightly as geopolitical tensions in the Middle East persisted. Meanwhile, the US dollar weakened following economic data that dampened expectations for a Federal Reserve interest rate hike.
The dollar fell against most of its major peers after weak US economic data reduced bets on a Federal Reserve interest-rate hike next month. A Bloomberg gauge of the dollar slipped 0.2%, heading for…
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