WTI holds its position above $77.50 due to optimistic demand forecasts

West Texas Intermediate (WTI) Oil price inches higher to near $77.80 per barrel during the Asian session on Friday.
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Japan Industrial Production (MoM) came in at 1.9%, above forecasts (-0.1%) in April

Japan Industrial Production (MoM) came in at 1.9%, above forecasts (-0.1%) in April
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