Will oil get on the global growth bandwagon? ...Middle East

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Will oil get on the global growth bandwagon?
The market is frothy at the thought of a soft landing today after Powell pledged to preserve the strength of the economy yesterday and delivered a half-point cut. Fed projections are for 4.4% unemployment through next year and -- presumably -- anything higher than that would bring more-aggressive cuts. That's a strong put on growth and it's sent stock markets to record highs.Oil is up 1.8% today to $72.14 but that comes after touching a one-year low earlier this month. Copper is up strongly today on global growth optimism and oil could be next. Technically, it's now testing the bottom of the old range and a close above $72 would be a good sign. The speculative market is also near its most-be

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