Weekly Fundamental - Geopolitics Heightened; OPEC Meeting in Focus

Both crude oil prices and US dollar strengthened after strong nonfarm payrolls report on Friday. While the two assets usually displayed negative correlation (as crude oil price is denominated in USD), the positive movement last Friday was driven by better economic outlook and heightened Fed funds rate hike expectations, respectively.

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Weekly Fundamental - Geopolitics Heightened; OPEC Meeting in Focus