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U.S. crude rose while Brent settled slightly lower Thursday, as traders weighed a weaker global demand outlook, recovering Middle East crude supplies and persistent shipping risks around the Strait of Hormuz.
Nvidia-backed cloud-computing company Firmus Grid withdrew its application to list on the Australian Securities Exchange and scrapped plans for an IPO it said would have raised almost US$5 billion. The company cited recent market volatility and prevailing market conditions.