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Crude Oil Prices Up on Limp Reserves Release, PCE and FOMC Minutes Eyed

CRUDE OIL OUTLOOK: Crude oil price up as world powers underwhelm with reserves release plan. US PCE inflation, FOMC meeting minutes eyed for Fed policy outlook cues. Rebound fails to overcome past resistance, keeping focus on the downside.   Crude oil prices mounted a spirited recovery, with the WTI benchmark clocking in the largest one-day rise in two weeks. This was after the announcement of a plan by the US, China, Japan, India, the UK and South Korea to

MongiIG

MongiIG in Market News

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