Oil Remained Firm ahead of Job Data

Oil prices remained firm in European session despite a softer report from the International Energy Agency (IEA). Sentiment remained buoyed by speculations of ECB’s resumption of bond purchases. Investors were also bolstered by stronger-than-expected industrial production in the Eurozone. The front-month contract for WTI crude oil price climbed to a 4-day high of 103.32.

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Oil Remained Firm ahead of Job Data