Commodities Remain Firm after Days of Selloffs

Crude oil rebounds for a second day as the market awaits the Fed’s annual symposium in Jackson Hole. The Fed Chairman Ben Bernanke is expected to unveil more about his policy outlook. As the broad market sentiment remains fragile after downside surprises from recent economic data, the bounce should be temporary. There’re chances that WTI crude oil prices will fall below 70.

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Commodities Remain Firm after Days of Selloffs