Crude Oil Price Outlook – Crude Oil Continues to Look for Upward Pressures
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Crude oil prices are experiencing upward pressure, with market activity expected to increase following the US Non-Farm Payroll announcement. The market was quiet on Thursday due to limited American involvement.
January 09, 2025 | 3:15 pm
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The United States Brent Oil Fund (BNO) may see increased volatility and potential upward movement in prices due to anticipated market activity following the US Non-Farm Payroll announcement.
The article suggests that crude oil prices are under upward pressure, and with the US Non-Farm Payroll announcement, market activity is expected to increase. This could lead to a rise in BNO prices as it tracks Brent crude oil prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80