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Natural Gas juggles around $2.30 ahead of OPEC’s meet and US Employment Change

From fxstreet.com

Natural Gas price (XNG/USD) has turned sideways after correcting marginally from $2.34 in the Asian session. The energy instrument delivered a solid recovery from the crucial support of $2.28 to provide a level ground to investors ahead of OPEC’s meeting. Scheduled meeting of OPEC on June 04 is expected to be heated among OPEC members and Russian leaders. Tensions between Russia and Saudi Arabia have remained higher as the former is consistently pumping cheaper oil in the global economy, undermining efforts made by the latter to bolster energy prices. The impact of cutting overall production further by OPEC+ members ... (full story)

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  • Category: Fundamental Analysis