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• LCO

Oil falls on easing Libya supply concerns, lingering China demand worries

Oil prices dropped over 2% due to easing Libya supply concerns and ongoing demand worries, despite falling U.S. inventories and Middle East tensions providing some support.

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Oil falls on easing Libya supply concerns, lingering China demand worries

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• DJI
• ESZ24
• LCO
• NQZ24
• NVDA
• US500

Stock Market Today: S&P 500 ends lower as stocks take breather

The S&P 500 dipped as investors awaited inflation data; Nvidia and Meta stocks rose, while Flutter surged on buyback news, and Stitch Fix fell after weaker guidance.

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Oil futures little changed after API report shows larger-than expected crude draw

U.S. crude oil futures were stable after a larger-than-expected drop in domestic crude stocks, with inventories down by about 4.3 million barrels according to API.

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Oil futures little changed after API report shows larger-than expected crude draw

U.S. crude oil futures stabilized post-settlement after a report showed a significant drop in domestic crude stocks, leading to a notable fall in gasoline and distillate inventories.

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• NYF

US crude, product inventories likely fell last week

Analysts anticipate a decline in U.S. crude oil inventories by 1.4 million barrels, with drops in gasoline and distillate stockpiles as well.

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• NYF

US crude, product inventories likely fell last week

U.S. crude oil and product stockpiles likely fell, with crude inventories down by 1.4 million barrels last week according to estimates from analysts surveyed by Reuters.

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• LCO

Falling oil prices can provide a tailwind for India’s twin deficits

India's dependence on oil imports makes falling prices a crucial opportunity for reducing current and fiscal deficits while easing inflationary pressures.

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Falling oil prices can provide a tailwind for India’s twin deficits

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Chinese oil imports hit yearly high in August, but throughput still weak - BofA

Chinese oil imports surged to a yearly high in August amid weak throughput, while Beijing announced stimulus measures to bolster the sluggish economy.