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Oil prices rebound after recession fear, Russia exports fuelled earlier losses

Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions that were driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts.
United States Katya Golubkova Christopher Cushing Edward Moya Thomson Reuters Trust Principles Energy Information Administration

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Speed of US bank failures to play starring role in Fed, FDIC post-mortems

Of all the facts that have emerged about last month's two U.S. bank busts - the unanswered warning letters from regulators, the ignored interest-rate risk, the outsized levels of uninsured deposits - one data point in particular continues to stir deep-seated unease among finance officials: 36.
United States Paul Simao Martin Gruenberg Ann Saphir Sarah Bloom Raskin Daniel Tarullo

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