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FN is a London-based mostly day by day website and weekly paper delivering information and analysis on Europe’s wholesale financial markets. This means that the market sentiment and the build-up forward of the news launch were fairly constructive. The price of oil climbs to a fresh month-to-month excessive ($73.14) following a bigger-than-expected contraction in US inventories, with crude breaking out of a descending channel as recent knowledge prints point to restricted provide.
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