Oil Price Recovers amid Germany's Upgrade on GDP Growth

Crude oil rebounds after the Bundesbank raised it forecasts on Germany’s economic growth. European bourses also open higher following the upgrade and stronger-than-expected retail sales in the UK. The dollar strengthens against the euro and the yen amid Greece concerns and intervention talks. Gold remains firm, trading at around 1230. Renewed worries over Greece’s financial system may lift price higher.

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Oil Price Recovers amid Germany's Upgrade on GDP Growth