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Published on Wednesday, December 5, 2018

Market Comment | Oil prices remained steady ahead of tomorrow’s OPEC meeting

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Summary

Financial markets remained cautious after yesterday's sell-off in the US. The latest comments from China announcing its optimism on reaching a trade deal with the US were not enough to offset the negative mood, along with early doubts on US economic growth. Moreover, crude oil prices remained steady with investors waiting for the outcome of tomorrow’s OPEC meeting.