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Russia fuel export ban will temporarily lift crude prices

Most commodity prices fell this week as the Federal Reserve left the door open to another interest rate hike before the end of the year, and indicated that rates will remain higher for longer. Russia also banned exports of gasoline and diesel to all but four ex-Soviet countries on Thursday. The ban will support crude oil prices while it remains in place as it will incentivise non-Russian refineries to raise crude oil throughput.

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