said that “Russia and Saudi Arabia will discuss oil market situation and oil prices,” TASS news agency reported.
Novak said that “the escalation of the Israel-Palestinian conflict may affect the oil market.” Market reaction WTI is catching a fresh bid in immediate reaction to the above comments, challenging daily highs at $84.90, up 0.38% on the day.
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US Dollar flat as US bond market absorbs Israel-Gaza escalationThe US Dollar (USD) is seeing its gains from Monday being erased as the flight to safety eased quite quickly. Markets were quite quick to assess the s
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