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Weekly Fundamentals – US Budget Talk Stalemate, Easing Geopolitical Tensions Sent Oil Lower

The market focus was on the US fiscal budget talk. Financial markets last week weakened across the board amid concerns that the US government might be shut down by mid-October. The latest development is that, on Friday, the Senate passed and sent to the House of Representatives a bill to fund government operations from October 1 to November 15.

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Weekly Fundamentals – US Budget Talk Stalemate, Easing Geopolitical Tensions Sent Oil Lower

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