Crude oil changes little in Asian session Monday after last week’s rally. Price however continues to trade around 76 as supported strong Chinese imports and robust stock markets. Weakness in Japanese yen and growth upgrades by the South Korea’s central bank are boosting Asian shares. Gold trades within a narrow ranging above 1200. Improved market sentiment and lack of further bad news from European countries reduce the demand for safe havens for now.
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China’s Strong Crude Imports may Only Support Oil Prices in the Near-term
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