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WTI crude eases to $65; eyes on OPEC+ meet, US jobs

03-Sep-2025 | 13:58
WTI crude slipped near $65 on Wednesday but held close to a four-week high, underpinned by US sanctions and Russian supply disruptions after Ukrainian drone strikes hit major refineries. Losses came as the dollar index climbed above 98.5 and weak US manufacturing data signaled softer demand. Traders await the Fed Beige Book and key US jobs data for direction, while the upcoming September 7 OPEC+ meeting is unlikely to bring output changes. Industry data showing a smaller-than-expected draw in US crude stocks also tempered gains.

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