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Oil prices were mixed Thursday amid a weaker global demand outlook, recovering Middle East crude supplies and persistent Strait of Hormuz shipping risks. December Brent futures fell 1.1% to $104.85 a barrel; the West Texas Intermediate update is cut off in the supplied text.
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.