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Crude Oil price moves

June 16, 2020

Oil prices recovered Monday and Tuesday on macro news via:

 

Federal Reserve buying of corporate debt

 

Dexamethasone as Covid treatment

 

Rebounding retail sales

 

Talks of $1T in additional stimulus- roads 5G Broadband

 

Tuesday intraday volatility/weakness:

 

China restrictions on schools / travel in and out of Beijing 



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