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Oil prices remain rangebound. ICE Brent settled 0.85% higher on Friday, but oil prices have traded in less than a $3.50/bbl range since early May. To the upside, the market will likely face resistance along the 200-day moving average. We might have to wait for further clarity from OPEC+ and its output policy for the second half of the year to provide any ...
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Iranian President Ebrahim Raisi and his foreign minister died when their helicopter crashed as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters on Monday (May 20). Hopes were fading that Raisi and his foreign minister survived a helicopter crash in mountainous terrain and icy weather, an Iranian official had told Reuters after ...