Oil Rebounds as Driven by Rise in European Shares

Despite a rebound, oil trading is thin as investors remain cautious about economic outlook and oil demand. Currently trading at 76.2, WTI crude oil price continues hovering around the lowest level in a month. The market is awaiting a series of economic data from the US and API’s oil inventory report. Gold remains firm and soars for a 4th consecutive day.

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Oil Rebounds as Driven by Rise in European Shares