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via finance.yahoo.comEconomy

Brent hovers near $96 as surplus outlook meets shipping attack risks

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Brent crude is hovering near $96 as two opposing forces cancel each other out: a looming surplus and weaker demand pull prices lower, while shipping attacks and a tougher tone from Washington add a risk premium. Our AI stock portfolio is beating the S&P 500 by…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralOpposing forces on crude could spill over into rates and equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent trades at $95.98 within a $95.07–$97.13 range.
  2. 02The IEA says the market will be in surplus this quarter for the first time since the war began.
  3. 03The agency also flagged weaker demand.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity96.30 USD+0.22%today +0.50%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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