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Despite the slight risk-on tone to Asian markets on the first trading day of the new month, Oil prices are now edging lower, as markets eye potential dampeners over the near-term. Recall that more supply is entering the markets this month, after OPEC+ agreed to ease up on its production cuts from the 9.6 million barrels a day in July to 7.7 million in August. Investors may begin to grow concerned that global demand may not yet be solid enough to soak up the restored supply.At the time of writing, Brent Oil is dipping further away from the psychologically-important $45/bbl level.[[{"... Read More


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