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Commodities & Cryptos: Oil’s Bad Week, Gold Hits Wall, Bitcoin Rises

investing.com
 2021-07-16

Crude prices are slightly higher after a brutal week saw COVID-19 concerns across Asia and Europe dampen the short-term crude demand outlook, while OPEC+ seems poised to deliver more output. A big driver for oil prices will be Iranian output and that question won’t get answered until well after Iranian hardliner Ebrahim Raisi will be inaugurated president in early August.

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