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Asian markets retreat on US rate concerns, oil rallies after attack

Published by Naij on Wed, 29 May 2024


Most equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East. Oil prices rose again on geopolitical concerns after a bulk carrier was attacked in the Red Sea, a key waterway for shipping and particularly crude.
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