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Market Brief

Market Brief: May 24, 2021

The Bulls fought back in the Fuels markets on Monday after belief Iran would reenter the market drove prices down last week. However, a Reuters report on Sunday suggested the Biden Administration had doubts Iran would comply with their obligations under the agreement. Aiding the Bulls and providing good news to the world in general, daily new Covid rates in India continue to decline. Recent rates are 40% of the peak in early May. New Delhi will ease current restrictions next week if cases continue to decline. On Tuesday, the updated Consumer Confidence Index posts at 10 am EDT.

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