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WTI up 3.77% from the session low

OIL

WTI is now up 3.77% from its low.

  • NOK is now up 0.4% and best performing currency in G10 versus the USD.
  • CAD is the other currency trading in the green against the USD, helped by Oil.
  • USD fades some of its safe haven bid, on the back of the Equity bid, helped in Europe by the better than expected PMI releases.
  • Reflation trade unwind in the last couple of days, as lockdown risks and Vaccination supplies/pace comes back at the forefront

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