Thursday, 8 July 2021

Oil Price Rebound Emerges as US Inventories Contract for Eighth Week

The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks.

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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...