The initiative comes ahead of a meeting in Washington between EU trade chief Maros Sefcovic and his US counterparts.

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Oil prices edged lower on Thursday, extending losses from the previous session, after a report showing rising crude inventories in the US reinforced concerns that the global supply is more than sufficient to meet current fuel demand.

SINGAPORE: Japanese rubber futures rose for the fourth straight session on Wednesday, buoyed by weakness in the yen and auto sector optimism.

Oil prices fell for a second day on Thursday as an industry report showing rising crude inventories in the US.

HOUSTON: Oil prices fell more than USD2 on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply deficit.

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