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Oil Price Fundamental Daily Forecast – Weak Job Gains Could Weigh on Gasoline Demand Expectations


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U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Friday after recovering from earlier losses. The markets are also in a position to post weekly gains.
Traders continue to shrug off the devastating COVID-19 spread in India, labeling the news a short-term event, while betting on stronger demand as the global economy recovers.
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Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3 ....

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