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Oil prices soaring optimism around recovery in demand
Oil prices on Friday morning rise significantly at optimism around the prospects for recovery in demand for raw materials, according to trading data. RIA Novosti, 06/26/2020
2020-06-26T08: 53
2020-06-26T08: 53
situation with exchange rates and oil prices
oil prices
brent
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oil prices, china, brent, economy
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MOSCOW, Jun 26 – RIA News. Oil prices on Friday morning rise significantly at optimism around the prospects for recovery in demand for raw materials, according to trading data.
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On Wednesday, oil prices collapsed by more than 5%, an active decline continued on Thursday, but in the evening, commodity prices switched to corrective growth and closed in the green zone. On Friday, quotes continued to grow amid optimism about a recovery in global fuel demand.
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CMC Markets analyst Michael McCarthy, whose opinion is quoted by Reuters, believes that commodity markets on Friday are generally positive about the global economic recovery, despite concerns about outbreaks of coronavirus. “It seems that the market is ignoring the fundamentals of supply and demand and is moving forward, supported by sentiment,” he said.
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