Strategist: Oil prices are unlikely to return to $70 anytime soon

Odaily Planet Daily News: ATFX Global Chief Market Strategist Nick Twidale said, "I believe the US dollar may weaken in the next few trading sessions. We may see modest appreciation in risk currencies like the Australian dollar and the Japanese yen, but I do not expect sharp movements. There is still a lot of uncertainty regarding when the strait will actually reopen and how long it will take for oil flows to normalize. This will certainly take months, not weeks. I do not think we will see oil prices back at $70 anytime soon." (Jinshi)