Crude oil futures rangebound in Asia after overnight fall on US-Iran talks, stronger dollar and bearish EIA data

Crude oil futures rangebound in Asia after overnight fall on US-Iran talks, stronger dollar and bearish EIA data
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20.05.2021

MOSCOW (MRC) -- Crude oil futures were rangebound during mid-morning Asian trade May 20, following an overnight slide, on increasing prospects of the restoration of the Joint Comprehensive Plan of Action, the strengthening US dollar and bearish Energy Information Administration (EIA) data, reported S&P Global.At 10:49 am Singapore time (0249 GMT), the ICE Brent July contract rose 5 cents

Full article at mrcplast.com

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