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Topic: dollar

Oil pumpjacks at sunset (file photograph)
New Business
Friday, 7/3, 03:38 AM

Oil edges up in thin trade before the US holiday as tensions ease

  • Oil prices ticked higher in quiet trading ahead of the long US Independence Day weekend, steadied by easing geopolitical tensions and a weaker dollar.
  • With markets closing for the holiday and diplomatic efforts holding, the moves were modest — but the backdrop of softer US jobs data and shifting Federal Reserve expectations kept traders watchful.

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