<p>This snippet from ANZ is a good summary of the tailwinds supporting the boost for oil prices:</p><p>Supply factors:</p><ul><li>signs of falling OPEC+ production
<p>US:</p><ul><li>The Fed <a href="https://www.forexlive.com/centralbank/federal-reserve-interest-rate-decision-25-bps-rate-hike-to-525-550-20230726/">hiked by
<p>The USD is continuing its move into the upside and trading to new highs versus a number of the major currencies including the:</p><ul><li>EUR</li><li>GBP</li&
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