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The Organization of Petroleum Exporting Countries (OPEC) on Tuesday shared that it decided to leave global economic growth projections unchanged at 2.8% for 2024 and 2.9% for 2025. The United States' gross domestic product (GDP) was revised slightly upward to 2.2% for this year, followed by a 1.9% growth for the next year. On the contrary, the Eurozone's ...
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The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end of the trading week to make up for the prior pullback. The price of oil is likely to drop at the beginning of next week. So, let’s observe whether this scenario ...