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EUR sentiment has weakened as rising European energy costs revive concerns reminiscent of the 2022 energy crisis. Fears over energy supplies linked to the Iran war have been compounded by global diesel shortages and low European gas storage levels ahead of winter, while the resulting increase in energy costs is adding
Brent crude fell 1.9% to $101.94 a barrel and WTI also declined as improving flows through the Strait of Hormuz and prospects for renewed Iran diplomacy eased immediate supply concerns.
Credit Ágricole: US Week Ahead