Sunday, 9 August 2020

Oil Price Outlook Hinges on OPEC Meeting as US Output Remains Stagnant

The price of oil clears the July high ($42.51) ahead of the OPEC meeting as US crude output sits at its lowest level since 2018.

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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...