Friday, 17 May 2019

Crude Oil Price Outlook: Oil Backwardation at 4yr Highs Ahead of OPEC Meeting

Crude Oil backwardation highest in 4yrs, which in turn has typically provided a bullish structure for the spot price.


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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...