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Asian oil prices may experience a technical Rebound
XAU/USD data on March 6th, news, after falling for the fourth consecutive trading day on Wednesday, Asian early oil prices may experience a technical Rebound, leading to a pump in oil prices. Pepperstone strategist Quasar Elizundia said: 'Oil prices are facing a challenging situation, mainly affected by trade tensions between the United States and its major partners. The uncertainty caused by tariffs and corresponding retaliatory measures is eroding global confidence, potentially slowing global economic activity and weakening oil demand.'