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Breaking Posted 1 hour ago

Oil Tightens Above $106 as Iran Attacks, Inventories Fall

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Brent crude surpasses $106 amid intensifying tanker attacks in the Hormuz Strait and global inventory draws, while OPEC forecasts stronger demand next year. Geopolitical escalation now drives prices independent of political rhetoric; CAD faces upside pressure through crude, with BOC Governor Macklem's speech (16 Oct) next key repricing event for rate expectations.
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