A look at Wednesday morning’s market action
On Wall Street, retailer Lowe’s reports this morning. Salesforce reports after the close of trading.
The day range on Brent was US$82l90 to US$84.20 in the predawn period. The range on West Texas Intermediate was US$76.40 to US$77.47. “Higher interest rates forcing a hard landing remains the main downside risk for crude prices which has driven the consolidation we’ve seen in recent months, and recent data has only fed those fears.”
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