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Crude back above US$110 on Hormuz stalemate as US stocks retreat
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Crude back above US$110 on Hormuz stalemate as US stocks retreat
The Nasdaq Composite fell nearly 1%, with OpenAI-linked firms hit by a Wall Street Journal report of missed user and revenue goals. (AFP pic) NEW YORK: Oil prices jumped on Tuesday to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. Meanwhile, tech stocks took a hit and investors turned their attention to corporate earnings and the ou…
·Kuala Lumpur, Malaysia
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