Gold, Brent, the Canadian dollar and WTI all rose Friday even as the TSX Composite slipped, with WTI adding 0.40% to settle near $81.68 despite stalled diplomatic talks over the Strait of Hormuz. That non-reaction marks a shift from earlier in the week, when similar headlines had moved Brent several dollars within hours. An IEA demand downgrade and a 17.4 million barrel jump in US crude inventories, the largest weekly build since January 2023, did more to move prices Friday than the geopolitical rhetoric itself.
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