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Crude oil prices analysis for April

OPEC+ decided to hike supplies by 2 million barrels per day between May and July New lockdown measures in some countries and a slow vaccine rollout are also affecting the oil demand Oil prices are trading about 15% off the 1-year highs set last month after a move of over 3% lower last week Crude oil prices opened the new week lower on renewed concerns related to supply and demand forecast.  Fundamental analysis: Uncertainty surrounding supply and demand outlook Brent crude futures and U.S. West Texas Intermediate (WTI) fell last week as investors were worried over the pandemic’s unclear impact on fuel demand and increasing supplies from major producers. 

Stocks Slip After Opening Bell

Provided by Dow Jones By Joe Wallace U.S. stocks inched lower Monday at the start of a busy week of corporate earnings and economic data. The Dow Jones Industrial Average fell 52 points, or 0.2%, to 33747 shortly after the opening bell. The S&P 500 declined 0.2%, backing away after setting its 20th all-time closing high of the year Friday, and the Nasdaq Composite lost 0.3%. Investors on Monday said they were positioning for the start of earnings season, as well as data that will help to gauge whether a coming burst of inflation will prove transitory. Inflation data due on Tuesday are expected to show consumer prices picked up in March.

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