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Crude Oil Futures: Bounce appears ephemeral

In light of advanced data for crude oil futures markets from CME Group, open interest shrunk for yet another session by almost 9.8K contracts. Volume followed suit and reversed the previous build and dropped by nearly 194K contracts.

WTI seen re-testing $20.00/bbl

Thursday’s recovery in prices of the barrel of West Texas Intermediate appears unsustainable amidst declining open interest and volume, which should keep well on the cards a potential re-visit to the YTD lows in the $20.00 area.

Norway: 75bps rate cut – Nordea

Norges Bank just announced another extraordinary rate cut, Dane Cekov, an analyst at Nordea informs. EUR/NOK is trading at 11.904 after jumping with t
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Indonesian FinMin Indrawati: GDP growth could fall to 0%-2.5% if coronavirus gets prolonged

Indonesian Finance Minister Sri Mulyani Indrawati on Friday, the country’s GDP growth could fall to 0%-2.5% if COVID-19 outbreak gets prolonged and th
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