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The slide in oil prices noted here yesterday showed no sign of letting up into the wider US market close. The price of Brent crude for November delivery crumbled into the NYMEX settlement, where it later closed there, $3.18 lower, at $73.75. Earlier today the price fell further, reaching a low so far at $73.14. It has lifted off that low now, but not materially so at this stage. The slide in stocks was an integral reason for the slump yesterday and the low seen earlier today marks the lowest price seen this year. So, given the highs above $87 earlier this summer, it looks pretty cheap down here, but it could get cheaper still it seems, barring a major supply side shock and that should never be discounted. Brent for November delivery is currently trading at $73.44
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
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