- US Department of Commerce reported that PCE was below estimates, spurring speculations for a Fed shift.
- Oil prices rise after output reduction at several oilfields in northern Iraq’s Kurdistan region.
Western Texas Intermediate (WT), the US crude oil benchmark, is set to finish the week with more than 9% gains after touching a YTD low of $64.41. On Friday, WTI is trading at $75.60 PB, above its opening price by 1.74%.
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