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Commodity: oil prices on the rise

05/06/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices are on the rise, following Saudi cuts. On Monday, Asian stocks extended a global rally on the Federal Reserve's optimism to suspend rate hikes this month

.

Oil prices have recently come under pressure due to growing concerns about the slowdown in China's economic recovery. While U.S. crude oil rose $1.77, or 2.4%, to $73.51, and Brent oil rose $1.82, or 2.4%, to $77.95

per barrel.
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