Brent oil contango suggests oversupply fears are returning

Brent crude's three-month time spread is nearing the widest contango, a situation where the futures price is above the expected future spot price. It
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New Zealand ANZ Activity Outlook below expectations (-8.4%) in September: Actual (-9.9%)

New Zealand ANZ Activity Outlook below expectations (-8.4%) in September: Actual (-9.9%)
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