Commodities Bounce as G-8 Said Global Growth Self-Sustainable

Market sentiment recovered on Friday as the G-8 statement showed confidence over global growth outlook. The US dollar fell to a 1-week low against the euro after news said that China would increase purchases of European bonds. The front-month contract for crude oil price edged high to settle at 100.59, up +0.36%, after losing more than -1% on the prior day. Brent crude closed flat at 115 but the price movement was less volatile when compared with WTI crude.

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Commodities Bounce as G-8 Said Global Growth Self-Sustainable