-- Oil held in the narrowest trading range since 2021, ahead of US economic data that may help set the tone for broader markets.Bolivia’s President Arce Swears in New Army Chief After Coup Bid
Oil is on track for a monthly gain after stumbling at the start of June following an announcement from OPEC+ that the group would start returning some supply later this year. The alliance was forced to clarify that it could pause or reverse production changes if needed, and prices have trended higher since.
-- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy in response to a single inflation report, pointing out there’s a suite of economic data still to come that will need detailed analysis.
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