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Oil Tumbles as US Economy Concerns Grow

Oil nosedived late in the session as ample crude supply balances and growing unease over the US economy's trajectory sent bulls fleeing.

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ASX LIVE: ASX to rise, Wall Street rallies led by tech, banks

Australian shares were up 0.7 per cent, bolstered by tech and bank stocks in New York. Life360 secures funds in SVB. Pilbara Minerals shares rose 4.1 per cent.

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