Commodities Pared Losses in US Session on Strong Eco Data, Shrugging Off Goldman Concerns

Commodities pared weakness in Asian session and rebounded as strong economic data and better-than-expected corporate earnings revived sentiment. The front-month contract of WTI crude oil price plunged to a 3-week low of 80.53 before recovery. The contract closed at 81.45, down -2.15%. Today in Asia, the black gold continues to edge higher to 82.

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Commodities Pared Losses in US Session on Strong Eco Data, Shrugging Off Goldman Concerns