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EU Market Open: Crude rises on geopolitics whilst APAC sees AI-related selling
Crude futures began the week higher, with Saudi Arabia shutting its East-West Pipeline following attacks last week.Oman postponed the Persian Gulf meeting on Monday, where Iran had planned to formally unveil a temporary shipping lane agreement for the Strait of Hormuz.US President Trump said he warned Ukraine to stop targeting Russian oil refineries, as strikes have shut down diesel refining and helped lift prices of the fuel to record levels.AI-related selling was seen in APAC stocks after key industry executives called for a slowdown in AI development.APAC stocks were ultimately mixed after…
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