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Fundamental Analysis Posted 4 hours ago

Oil majors post $95bn profits as Middle East war lifts crude

News
Nine major oil firms including Saudi Aramco and BP are on track for combined third-quarter profits exceeding $95bn, driven by Middle East geopolitical escalation pushing fuel prices higher. Energy rally supports CAD and lifts oil-sensitive currencies; BOC speakers this week (Nov 3, 5) will face questions on inflation pass-through as crude-driven price pressures persist.
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