Wednesday, 18 August 2021

Oil Price Slides Towards July Low as US Output Rises for Second Week

The price of oil is on the cusp of taking out the July low ($65.01) as US production increases for the second straight week.

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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...