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Friday, October 7, 2022

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Oil Posts Small Weekly Gain as US Inflation Pressures Markets

While traders assess inflation’s impact on long-term demand, the market for more immediate physical barrels is showing extreme tightness. On Friday, North Sea Forties crude, one of the grades that underpins the global Dated Brent benchmark traded at a premium of more than $4 to its benchmark, the biggest since at least 2008.

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