Friday, 5 February 2021

Oil Price Rally Buoyed by Signs of Stronger Demand and Subdued Supply

The price of oil trades to fresh yearly highs as the decline in crude inventories boosts the outlook for consumption while US 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...