Oil To Get Short Term Boost On US Jobs Data
From CNBC
Oil prices will likely gain this week after Friday’s forecast-beating U.S. jobs report though any rally may fade quickly as one month’s data will do little to ease broader concerns about an anemic recovery in the world’s largest economy, according to CNBC”s weekly survey of oil market sentiment.
“We expect the recent recovery in the crude oil price will be difficult to sustain in an environment where global growth fails to recover and in the absence of central bank action to stimulate growth,” wrote Deutsche Bank analysts in a report on Friday.
