Crude price rally extends amid dollar retreat, stimulus hopes

Crude price rally extends amid dollar retreat, stimulus hopes
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15.01.2021

MOSCOW (MRC) --В Crude prices settled higher Jan. 14 as a weaker US dollar offset reports of weakened Chinese crude demand, reported S&P Global.NYMEX February WTI settled 66 cents higher at USD53.57/b, and ICE March Brent was up 36 cents at USD56.42/b.The US dollar turned lower in US trading after Federal Reserve Chairman Jerome Powell reaffirmed the Fed's commitment to lower interest ra

Full article at mrcplast.com

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