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Finance & Markets

Iraq Deepens October Crude Price Discounts to as Much as $37

Iraq’s state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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UK growth revised up to 0.5%: What drove the stronger figures?

Stronger services growth drove the upward revision to second-quarter GDP growth, as the UK battles high borrowing costs, inflationary pressures and a cooling labour market.

  • UK economy grew 0.5% in Q2, revised up from 0.4%
  • Professional services led growth with 0.6% expansion
  • Construction sector expanded 0.8%, contributing to growth

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