Crude Oil Holds above 80
BonTradeCrude oil recovers in Asian session Monday after price plummeted as US employment disappointed last Friday. Price fell as much as -2.4% after headline payrolls reduced -131K in July but buying interest emerged above 80 - a resistance-turned support. Oil prices will continue to be influenced by macro events as global economic outlook, especially in the US and China, is indicative of the demand/supply balance.
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Crude Oil Holds above 80
