Wednesday, 16 March 2022

Crude Oil Forecast: China Lockdowns Temper Demand as US Supply Increases

WTI crude oil prices have surrendered recent gains, falling more than 25% from last week's high. Lockdowns in China have tempered demand expectations as the US slowly ramps up production.

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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...