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Fitch Ratings: The current surge in oil prices reflects a temporary logistical supply disruption, rather than a permanent loss of production capacity.

2026-06-05

Fitch Ratings: The current surge in oil prices reflects a temporary logistical supply disruption, rather than a permanent loss of production capacity.

Other News
2026-06-05

Philippine consumer price inf eased to 6.8% YoY in May from 7.2% in April, below the 7.8% median survey and the PHILIPPINE C.BANK's prior 7.1%-7.9% projection for May. Preliminary extension of a U.S.-Iran ceasefire has pushed global energy prices dow

Philippine consumer price inf eased to 6.8% YoY in May from 7.2% in April, below the 7.8% median survey and the PHILIPPINE C.BANK's prior 7.1%-7.9% projection for May. Preliminary extension of a U.S.-Iran ceasefire has pushed global energy prices down, easing imported fuel pressure for the Philippines, which sources over 90% of its oil from the Middle East. PHILIPPINE C.BANK governor Eli Remolona said policymakers will closely monitor incoming inf data ahead of the June 18 meeting to decide whether a policy rate increase is needed.
2026-06-05

At the open on Friday, June 5, Australia's S&P/ASX 200 fell 37.6 points, or 0.43%, to 8,648.5.

At the open on Friday, June 5, Australia's S&P/ASX 200 fell 37.6 points, or 0.43%, to 8,648.5.
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