Oil is back in focus – Morning outlook 7th May

There are three main figures to watch out for today even though the volatility may be subdued it may increase around; The bank of England Governor speech at 10:00, the US unemplyment data at 13:30 and the ECB presidents speech at 15:00.

Oil might be switching as we close in the front months future contract expiration, brokers are taking action.

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