April FOMC minutes report has sharply increased the odds of a rate hike in June.
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Chinese stocks rose by the end of the Friday session.
The US Dollar soared after the FOMC meeting protocol was published.
Investors were cautious of the growing possibility that the Fed might lift the rates in June.
Canadian Oil producers are forced to evacuate workers and stop pipeline transportation.
According to IEA, there will be a decline in supplies from non-OPEC exporters.
Oil prices saw a pretty good start on Monday
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The US currency demonstrated its best performance in two weeks.
The US currency appreciated against the Euro on Friday.
WTI and Brent prices managed to keep themselves in the green zone today.
The USD index dropped by 0.25% since Tuesday.
Iran has already reached its target output, which is about 4M barrels/day.
The Chinese National Bureau of Statistics is pessimistic about the recovery of the country’s economy.