Sunday, 11 September 2022

Crude Oil Drops as Hawkish Fed and ECB Erode Growth Prospects. Where to for WTI?

Crude oil prices fell on Monday as tighter monetary policy lies ahead and geo-political woes continue to plague the outlook for energy while China lockdowns roll on. Can crude recover?

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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...