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Oil futures surge as Saudi and Russian production cuts loom before API stock data reveals.

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Oil futures rally as Saudi Arabia and Russia announce production cuts and Russian exports decline. Weak manufacturing data and upcoming US inventory data may impact oil prices.

Oil Prices Fall by 4% as US Fed Meeting Approaches

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Oil prices dropped due to concerns about rising global supplies and demand growth uncertainty, hitting their lowest levels since Dec. 2021. Goldman Sachs cut their forecast for crude oil prices, adding to the selling spree ahead of the U.S. Federal Reserve meeting. Investors remain pessimistic about the sustainability of oil prices as the world economy heads towards pre-pandemic levels.

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Oil futures surge as Saudi and Russian production cuts loom before API stock data reveals.

Equity Market 0
Oil futures rally as Saudi Arabia and Russia announce production cuts and Russian exports decline. Weak manufacturing data and upcoming US inventory data may impact oil prices.

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District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US

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Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US

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Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.

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