Market Relieved on Hopes that Macron Wins Over Le Pen in Runoff

Energy prices climbed on Monday, in line with the broad –based increase in risk appetite after the French election. Currently trading at 49.9, the front-month WTI crude oil contract recovered after losing over the past 5 days, while the Brent contract also climbed higher. Both contracts have gained around +0.5% at the time of writing this report. Gold slipped as demand for safe-haven dropped.

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Market Relieved on Hopes that Macron Wins Over Le Pen in Runoff