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March Economic Activity Below Expectations


Volatile Crude Oil And Surging Gold

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Weekly Loss On The Cards


Oil is broadly flat in Asia-Pac trade, holding most of yesterday's losses. WTI is up $0.12 from settlement levels at $62.06/bbl, while Brent is down $0.02 at $65.09. For the week WTI is on track for declines of over 5%, the biggest drop since mid-March. Iran is readying a hike in its oil exports to "maximum capacity", approximately 2m bpd on top of current production, within months as talks with the US make progress. There is chatter a deal could be reached next week which could lead to sanctions lifted in around 3 months.

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