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Yesterday afternoon oil prices managed to rebound despite the prospect of Trump drilling the heck out of the US shale fields in due course. Brent for January delivery lifted from a session low around $73.35 just as the US markets were getting underway, to a high at $75.93 just after the US stock markets reopened at new record levels. The subsequent fall that followed came after the latest US EIA data showed a slightly increased build in stocks. Brent later settled $0.61 lower on the NYMEX exchange, at $74.92. It has been falling back further so far today, dropping from an earlier session high, at $75.40. It is just now approaching the $74 handle again, as it slips to fresh session lows. Brent for January delivery is currently trading at $74.20
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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