Source: ForexYard
Crude oil values leveled out on Thursday as overall demand for the commodity is still relatively high. The last two days saw a steep drop in crude oil values as investors were concerned with the ongoing crisis with Iran as well as decreasing demand for oil from the U.S. The most recent numbers show Brent crude oil is trading at 107.66 after falling as low as 104.80 on Wednesday night.
Heading into next week, traders should be aware of the U.S. releasing the Non-Farm Employment Change figure. This does raise the possibility of increasing the overall volatility of the market.
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