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Oil rose after German business confidence unexpectedly increased from the lowest level in two and a half years in November, signalling Europe’s biggest economy could gain strength.
Oil rose after German business confidence unexpectedly increased from the lowest level in two and a half years in November, signalling Europe’s biggest economy could gain strength.
As quoted in market news:
The economic data from Europe is increasing hopes that things will improve in the region. The shooting in Gaza is boosting concerns about whether the cease-fire will hold. As a result, the geopolitical premium isn’t leaving the market like expected.
Click here to read full Bloomberg article.