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- Having slipped sharply on Thursday, WTI and Brent crude futures regathered some poise ahead of the Friday close, finishing with gains of over 2% apiece.
- Markets suffered Thursday on the reopening of the gas-carrying Colonial Pipeline, which eased the supply scramble that'd unnerved many Southern States mid-week. Luckily for bulls, markets re-coupled with equities into the Friday close, bouncing well ahead of key support at the $62.61 50-dma.
- Meanwhile, Gold staged a USD-inspired recovery, with the softer greenback putting the yellow metal on course for a strong weekly close. Bulls now need to take out resistance layered between the week's high at $1845.5 and the 200-dma at 1846.9. A break through here opens levels not seen since February.