Wednesday, 7 July 2021

Crude Oil Price Outlook Remains Chained to OPEC+ Output Uncertainty

Growth-linked crude oil prices weakened over the past 24 hours, remaining depressed by OPEC+ output uncertainty despite a recovery in market sentiment. WTI is eyeing a key trendline.

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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...