Wednesday, 27 July 2022

Crude Oil Price Boosted by Dwindling Inventories and a Soft US Dollar After Fed Hike

Crude oil got a lift from data that revealed stockpiles of black gold had fallen in the US and a post Fed sell off for the US Dollar. Will WTI continue to climb?

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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...