fxstreet.com 08 Feb, 2021 05:30 am

Tangoing in Tokyo

Tangoing in Tokyo
Asian markets have started the week on a positive note, as a disappointing US Non-Farm Payrolls on Friday couldn't damp the stimulus infused enthusias ...

Brent crude closes in on $60.00 a barrel On Friday, a weaker US Dollar prompted more oil buying on Wall Street with Brent crude rising to within a hairsbreadth of $60.With the Biden stimulus controlling the narrative on economic recovery, high OPEC+ compliance, and a weaker US Dollar, Brent crude rose 0.Treasury Secretary Yellen's weekend remarks that the stimulus could generate full employment by next year has boosted sentiment in Asia, Brent crude advancing 0.

The nearest support for Brent crude is at $57.Asian markets have started the week on a positive note, as a disappointing US Non-Farm Payrolls on Friday couldn't damp the stimulus infused enthusiasm of Wall Street.

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