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Why the strong bounce in Brent may not last long: Hansen
Brent crude prices are seeing a strong bounce on Wednesday after a week of losses, says Saxo Bank’s Ole Hansen. But he doubts it can last and here’s why.
With the weekly US inventories report out later on Wednesday, Ole looks at what is driving prices higher. He sets out his trading strategy and explains why Brent could see resistance ahead of $40 as markets look ahead to a meeting between OPEC and non-OPEC nations in Doha, Qatar, later this month.
01:08 minutes
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