Investors regain risk appetite

After intraday trading as low as $67.15/bbl earlier in the week, the July contract for benchmark US light, sweet crudes rebounded to $74.55/bbl May 27 on the New York Mercantile Exchange in a 2-day rally that some hoped signaled a return of investors’ risk appetite, although the contract dropped to $73.97/bbl in the next session.

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