Oil Firms, Carrying Friday's Strength

Oil prices remained firm in Asia Monday after the rebound by the end of last week. US economic indicators released last Friday showed signs of fatigue, suggesting the recent trend of strong data might have peaked. Meanwhile, as escalated tensions over Iran would continue to support oil prices, the outlook of global economic recovery is not without risks. While we have a light calendar on Monday, the focus this week is on speeches by the Feb Chairman Ben Bermanke who will give talks at a US university on Tuesday and Thursday before another two appearances at the school next week. The RBA and the BOE minutes for March meetings will be released on Tuesday and Wednesday respectively.

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Oil Firms, Carrying Friday's Strength