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U.S. employment fell by 4x expectations, showing a 701K decline in March, but this was not the story of from Friday. A 40% intraday rally in crude oil following a series of remarks and tweets from President Trump that also helped the Canadian dollar.
US Crude shot up nearly 40% above $30 from a two-decade low after President Trump managed to intervene verbally in oil by claiming producers will step up with massive output cuts. Traders (and us) remain in doubt as to whether a global deal can really be done.