Crude oil price bounced a bit in European session after strong economic data from the Eurozone and the UK. The market sentiment was damped yesterday as Fed Chairman Ben Bernanke delivered relatively dovish comments about economic outlook. Currently trading at 77, the front-month WTI contract plunged from 78.57 to as low as 76.2 before settling at 76.56. Trading has been volatile in recent days but price has been refined within a range between 74 and 79.
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Commodities Bounce after Positive European Data
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