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“OPEC Has A Deal!” Buy Euros! Wait, There’s A French Election? Welcome To Thursday.
Let's start with oil real quick, because there are some notable headlines on Thursday morning.
Recall that things took a decisive turn for the worst on Wednesday after EIA data confirmed Tuesday's bearish API print(s). Specifically, the crude draw came in lower than expected (just like API) and the unexpected gasoline build was even bigger than the API build tipped the day before. And of course crude production keeps hitting new highs. So ultimately, we got this:
That meant it was time for s
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