Saturday, 7 May 2022

Crude Oil Rises as Talks Around Russian Oil Embargo Trumps Dollar Rally

Brent crude extends its rally breaking through a key technical pattern, now looking to push higher, while the ban on Russian oil by the EU bolsters bullish bets.

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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...