<ul><li>Recent energy price rise is structural, not a short-term transitory rise</li><li>Given current outlook, rate cut expectations around middle of 2024 are too early</li
<p>WTI oil futures’ 10-week rally from 66.12 has recorded a near 7½-year high of 89.70 but the price has detached from the upper Bollinger band, hinting that bullish momentum has slowed to some
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