Weekly Fundamentals - WTI and Gold to Resume Weakness as Tensions in Egypt Ease

Geopolitical tensions and monetary policies dominated the financial markets last week. On Friday, Hosni Mubarak stepped down as president of Egypt and handed power to the military. The resignation ended Mubarak's 30-year rule and protests in Egypt over the past 3 weeks. WTI crude oil prices extended weakness after the news and plunged to a 10-week low of 85.1 before settling at 85.58, down -1.33% during the day and -3.88% over the week.

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Weekly Fundamentals - WTI and Gold to Resume Weakness as Tensions in Egypt Ease