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Marketview: Let Down

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Oil prices have see-sawed over the course of the week, experiencing heavy losses at the start but clawing back lost ground over the past two sessions. There are two main bearish factors weighing on crude: flagging demand in China and the possibility of a nuclear deal with Iran that would see more oil coming to market. Both come amid worries about broader economic growth. However, most trading action in futures remains concentrated at the front of the curve and takes place against a backdrop of low liquidity. From a physical perspective, oil remains better supported.

Topics:
Oil Trade, Oil Futures and Derivatives, Oil Supply, Oil Products, Oil Spot Markets, Oil Prices
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