Marketview: For the Fickle

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A wider risk-off mood has brushed off the market inertia and pulled oil prices lower, with Brent recoiling by nearly $6 per barrel over the past week. The North Sea benchmark was trading around $92.50 at mid-session on Thursday.

Macroeconomics , Oil Trade, Crude Oil
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Saudi Arabia's exchange rate peg to the US dollar remains appropriate given the Opec heavyweight's current economic structure, according to IMF officials.
Wed, Jun 7, 2023