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Oil production cut talks supported a relief rally yesterday after a huge drop following a huge API stocks report. There will be more clarity after Thursday’s video conference, however, until then the crude oil is poised to move lower as the EIA report is due later on today and likely to show huge inventories too. Gold, on the other hand, took a breather from the recent policy-inflicted and haven rally as the numbers of infection and fatality in the EU stall.

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