The financial market eased after Friday’s sharp selloff and rebounds in commodities were seen in Asia Monday. WTI crude oil snapped 5 days of decline and recovered to 72.5 while Brent crude rebounded to 72.4. Base metals also gained after the Chinese government assured ‘steady and relatively fast’ growth.
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Commodities Rebound but Downside Risks Remain. Net Speculative Length in Oil Slid on Risk Aversion
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