Friday, 8 November 2019

Oil Price Outlook Mired by Rising US Inventories and Record Output

The price of oil pulls back from the weekly high ($57.88) despite signs of a looming US-China trade deal, with the outlook for crude mired by signs of growing supply.

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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...