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Fundamental Analysis Posted 3 hours ago

Oil supported by Strait of Hormuz risks; speculative positioning weakens

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Oil prices hold gains amid persistent supply uncertainty around the Strait of Hormuz, while money managers have reduced net long positions in WTI and Brent. The shift in speculative sentiment suggests traders are cautious despite geopolitical support, affecting commodity-linked currencies including CAD, NOK, and emerging-market FX exposed to energy volatility.
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