Friday, 8 January 2021

Crude Oil Prices Eyeing OPEC Outlook Report After Saudi Output Cut, US Stimulus

Crude oil prices may extend gains after Saudi Arabia unexpectedly cut production ahead of the monthly OPEC outlook report. US fiscal stimulus bets may also underpin WTI.

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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...