Oil price volatility shows little sign of slowing down. After falling 3.2% on Monday, WTI ended the week 8% higher on declining U.S. inventories and renewed hopes for a coordinated supply cut.
Equities were soggy as a lack of any substantive newsflow saw indices drift lower, with China’s increase in foreign reserves in March the only real headline grabber. This week sees the start of US Q1 earnings season as well as retail sales and China GDP figures.
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