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Trading crude oil – USO trading pre-open at 33.65

The USO (crude oil ETF) is likely to open up by a dollar between 33.65 and 34 on the strength of crude oil in Asia and Europe. Actual action in crude oil prices will be determined by the initial and continuing jobs claims data as well as the GDP deflator estimate out today at 8:30 am Eastern time.

 

Author: Jawwad