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OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest rates, spurring hopes that the Fed will follow suit, and Opec+ ministers reassured investors the latest oil output agreement could change depending on the market. ....
A merchant vessel reported that an explosion took place near it in the Red Sea on Thursday, about 19 nautical miles west of the Yemeni port city of Mokha, British. ....
The vessel fit the target profile of Yemeni Houthi militants, who have attacked ships off the country s coast for several months, Ambrey said in a note. | World News ....