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CFTC data show speculators increased AUD net shorts to -17.7K, reflecting rising bearish sentiment and downside pressure.
War premium evaporates as supply rises; WTI $68.50, Brent $72; contango signals oversupply, bearish outlook.
Australian dollar slips near 0.6900 as inflation cools, RBA hike odds fade; AUD/USD consolidates bearish.
Brent’s weekly rise fades as OPEC+ boosts supply, while Hormuz fees and strikes fuel volatility, pricing fragmentation.
Brent oil analysis: UKOUSD trades near $72 as higher OPEC+ quotas, recovering Gulf exports and weak Chinese imports raise broader oversupply concerns.
WTI rose near $69 as Strait of Hormuz normalised; OPEC+ hikes and Iran waiver talks pressure prices.
OPEC+ plans August output hike, pressuring crude prices; strategy favors selling calls, hedging puts, watching spread.
ANZ Commodity Price Index slid 1% in June, signaling softer exports, dovish RBNZ, and bearish NZD outlook.
Oil prices slide on US–Iran optimism; Commerzbank cites sentiment-driven glut fears, watching EIA forecasts and OPEC+.
Gold price analysis: XAUUSD trades near $4,180 as weaker-than-expected US payrolls, a softer dollar and lower oil prices support the recovery.
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