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Reuters Issues Withdrawal on Saudi Headline

OIL

Crude spike reverses after Reuters retract earlier headlines after stating it was a repeat of old news.

  • The headline was released via Reuters terminal but did not appear anywhere else creating market confusion.
  • Brent SEP 23 down -1.2% at 78.88$/bbl
  • WTI AUG 23 down -1.3% at 74.43$/bbl
  • See attached screenshot for Reuters retraction alert on terminal.

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