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Oil prices rose on Friday, hovering near a six-week high as US oil producers in the Gulf of Mexico
The dollar fell for a third consecutive session on Friday as stronger than expected US inflation data failed to shake convictions that the Fed would begin cutting interest rates
European stocks settled in early trade on Friday as investors looked at Chinese trade data released at the time of opening the market
European stocks rose on Thursday, ending a four day losing streak as Federal Reserve chairman Jerome Powell
GBP rose from a six month low to 1.2529. But the British currency remains low throughout the week in light of the bleak UK economic landscape
Goldman Sachs believes there is only a 15% chance that the US Federal Reserve will cut rates by 50 basis points at the July meeting.
European shares fell in early trade on Wednesday ahead of testimony by Fed Chairman Jerome Powell over two days that investors will follow closely for signs of a rate cut later this month.
US petroleum inventories fell more than expected last week, while gasoline inventories fell and distillate inventories rose, US Petroleum Institute data showed.
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