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Market report: Storm of disappointing developments keep investors cautious
LONDON (Capital Markets in Africa) – Investors are searching for a sense of direction amid a cacophony of developments, as harsh geopolitical winds swirl and a fierce storm barrels towards Florida. Oil prices have tracked higher again, as hopes for a ceasefire between Israel and Hezbollah fade, while Hurricane Milton threatens to disrupt energy supplies, with some pipelines and delivery terminals in Tampa already shut. Brent Crude is currently trading around $77.5 a barrel. Prices…
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