Tuesday, 2 November 2021

Crude Oil Forecast: EIA Inventory Eyed After API Stocks Build, China Inventory Releases

Oil prices are falling through the Asia-Pacific trading session after a US inventory report showed a larger-than-expected build in stockpiles. Meanwhile, China is expected to open the tap on reserves.

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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...