Energy prices recovered across the board last week, mainly driven by hopes of production cut. A surprising rate cut by BOJ also boosted sentiment as more easing measures might stimulus economic growth and oil demand. The front-month contract for WTI crude oil added +4.44% last week. In January, the WTI contract has dropped -9.23%, a third consecutive month of decline.
Originally posted here:
Weekly Fundamentals – Commodities Rebounded on Improved Risk Appetite
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