Wednesday, 6 October 2021

Crude Oil Forecast: Bears Take Control on Inventory Build, Potential SPR Release

Crude oil prices are moving lower after dropping overnight on news that the US may release strategic oil reserves. A bearish EIA inventory report also put the hurt on prices.

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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...