(Reuters) -Ingram Micro is targeting a valuation of up to $5.42 billion in its U.S. initial public offering, the technology products distributor said on Tuesday, underscoring a resurgence in private-equity backed stock market listings.
SINGAPORE : Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report suggested Israel would not strike Iranian oil targets, easing fears of a supply disruption.
They are down about $5 so far this week, nearly wiping out cumulative gains made after investors became concerned Israel could strike Iran's oil facilities in retaliation for the latter's Oct. 1 missile attack. "Weakening demand has led to traders withdrawing the 'war premium' from prices," said Priyanka Sachdeva, senior market analyst at Phillip Nova.
Prices Falling Demand Outlook Weakening
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