Monday, 25 July 2022

Crude Oil Price Caught in Crosswinds Ahead of the Fed. Will Recession Fears Weigh on WTI?

Crude oil found firm footing to start the week as the market prepares for the Fed meeting that has pitched recession fears against decreasing demand. Will WTI find a base?

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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...