| Oil prices will likely gain this week on expectations that the U.S. Federal Reserve may announce additional stimulus to help boost an anemic recovery in the world's largest economy while markets are looking towards the European Central Bank to suppress unsustainably high sovereign borrowing costs in Spain and Italy, according to CNBC's weekly survey of oil market sentiment.
The risk-on rally in global financial markets started on Thursday after ECB President Mario Draghi vowed that "within our mandate, the ECB is ready to do whatever it takes to preserve the euro," adding "believe me, it will be enough."..............................................Full Article: Source
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