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United States Industrial Production (MoM) below forecasts (0.1%) in March: Actual (-0.5%)

United States Capacity Utilization registered at 75.7%, below expectations (76.3%) in March

United States Capacity Utilization registered at 75.7%, below expectations (76.3%) in March
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Oil: Futures discount tightening physical market – ING

ING’s Warren Patterson and Ewa Manthey note that Oil prices are drifting lower as markets price in a possible extension of the US–Iran ceasefire and renewed peace talks, even as physical supply tightens due to disrupted flows through the Strait of Hormuz.
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