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Oil prices experienced a slight rebound in early trading on Wednesday, halting a three-day decline. This stabilization followed a U.S.-Japan trade agreement signaling tariff progress and a Reuters poll indicating a decrease in U.S. crude stockpiles, suggesting increased demand. Furthermore, potential U.S. sanctions on Russian oil to address the Ukraine conflict added bullish sentiment to the market.
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The US SEC has requested details from SEBI regarding the Jane Street probe, focusing on alleged derivatives market manipulation. SEBI has responded to the SEC's queries, adhering to IOSCO guidelines for information sharing between regulatory bodies.
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The deal would result in Japan investing $550bn (407bn) into the US and paying a 15% reciprocal tariff, Trump said.
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