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EBC Markets Briefing | Oil prices ease as EIA raised output forecast
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also took a toll on prices. The EIA has slightly raised its expectation of US oil output to an average 13.23 million bpd from 13.22 million bpd. It a
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EBC Markets Briefing | Aussie dollar firmed despite China concerns
The Australian dollar inched up on Monday as the RBA stayed hawkish. The central bank said stimulus launched by the Chinese government may only have a “modest” impact on Aussies this time around. Uncertainties around the US may slow global economic growth modestly in 2025, according to major brokera
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