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Breaking Posted 2 hours ago

UAE Cuts Oil Price Premium as Middle East Supply Rivalry Intensifies

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UAE slashed its December crude premium following Saudi Arabia's cut, as rebounding Middle East supplies spark competition for market share. Oil price moves feed CAD repricing via crude exposure; traders now watch which central banks—beyond BOJ and Fed—adjust inflation forecasts and rate paths as energy costs persist structurally rather than as transient shocks.
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@nsg_usd · 2 hours ago

The competition will only get higher. The war is not ending anytime soon.

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