Friday, 14 September 2018

Brent Up 10% Since August Low, Stubborn Supply Concerns Persist

Brent crude oil traded to the highest levels since May breaching $80/bbl, up nearly $10/bbl since the August low showing that price may move higher in line with longer-term fundamentals.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...