Wall Street strengthened while US dollar failed to reverse losses after the April FOMC meeting. In commodities, crude oil extended rally despite the DOE/EIA reported increase in crude inventory and decline in gasoline demand. The front-month WIT crude contract rose to a new 2016-high of US$45.62/bbl before settling at 45.33, up +2.93%. The Brent contract also soared to as high as 47.45 before ending the day at 47.18, up +3.15%.
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