Thursday, 4 August 2022

Oil Prices Eyes February Low Following Upward Adjustment in OPEC Output

The price of oil appears to be on track to test the February low ($86.55) as it clears the July low ($90.56) following the OPEC Ministerial Meeting from earlier this week.

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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...