US Debt Ceiling Bill Approval Boosts Oil Prices.
TL;DR Summary
Oil prices rose after a US debt ceiling deal averted a default, and attention turned to the OPEC meeting. The Federal Reserve's potential pause in rate hikes also supported oil prices by weighing on the US dollar. The OPEC+ meeting is expected to discuss further output cuts, but signals have been varied. Manufacturing PMI data from the US and China indicated a contraction in activity.
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