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United States IBD/TIPP Economic Optimism (MoM) in line with forecasts (47.8) in February

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Oil price decline hurts stocks; BP reports worst annual loss in 20 years

Oil fell around 4 percent today weighed by rising glut concerns as well as weak global economic outlook. Oil received a further blow as hopes for a deal between OPEC and Russia on output cuts dimmed. Weak economic data from China, Europe and the United States together with U.S. forecast for mild weather re-established that oil demand will likely stay low for some more time to come.
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US Dollar retreats to lows in sub-99.00 levels

The selling pressure remains well and sound around the dollar, now sending the US Dollar index to test session lows in the 98.85/80 band...
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