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Crude Recovers ahead of X’mas Holiday

Crude oil prices recovered in Asian session on Monday on bargain hunting. The front-month contract for WTI crude oil rebounded for a second consecutive day but remained consistently below US$60/bbl. Currently trading at US$62.4/bbl, Brent crude contract broke below US$60/bbl in several occasions last week but remained settled above that threshold. Gold moved sideways with the benchmark Comex contract hovering below US$1200/oz.

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Crude Recovers ahead of X’mas Holiday

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