Crude Oil Recovers as China Injects Liquidity and Geopolitical Tensions Escalate
mucoachfxCrude oil prices recovered modestly in European session as escalated tensions between Turkey and Syria raised concerns over oil supply. Market sentiment was also lifted as China injected RMB 265B to the public via reverse repo operation. In the Eurozone, ECB President Draghi spoke before the European Parliament, expressing that the bloc’s facing downside risk on the economic outlook due to financial market tensions.
View original post here:
Crude Oil Recovers as China Injects Liquidity and Geopolitical Tensions Escalate
