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Breaking Posted 59 min ago

Brent Crude Falls 2% Toward $104 on US Sanctions Easing Reports

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Brent crude futures fell nearly 2 percent toward $104 a barrel after reports the Trump administration is considering easing sanctions on shadow fleet vessels to reduce global oil prices. Oil weakness supports Indian equities and lifts commodity-linked currencies; CAD and emerging-market FX benefit as energy costs ease. Traders await BOC Governor Macklem's speech on Oct 16 to assess central-bank repricing across commodity exporters.
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