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Market Impact: 0.45
Factory Orders Edge Higher; G7 to Release Diesel, Crude
Source: Bloomberg
Economic DataCommodities & Raw MaterialsEnergy Markets & PricesGeopolitics & War
US factory orders increased 0.1% month-over-month in August, indicating marginal growth in manufacturing demand. Separately, the G7 is considering releasing up to 100 million barrels of emergency oil and diesel reserves, a potentially meaningful intervention for global energy supplies and fuel prices.
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