Wednesday, 3 November 2021

Crude Oil Outlook: Oil Prices Slump as API Inventories Rise Ahead of OPEC+

Oil prices give back a portion of their recent gains as inventories rise according to the API report. FOMC and OPEC+ remain at the forefront of risk sentiment for now.

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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...