Commodities Change Little. Strong Oil Imports Signal Resilient Chinese Demand

After a brief pullback due to the downgrade of Greece's credit rating, commodities rebounded in European session. While the market awaits China's macroeconomic data, preliminary trade data for April suggested demand growth remained robust. Currently trading at 102.30, the front-month contract for WTI crude oil gained up above 100. The DOE/EIA will release the monthly Short-Term Energy Report later today.

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Commodities Change Little. Strong Oil Imports Signal Resilient Chinese Demand