Wednesday, 5 October 2022

Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude oil prices are heading for the best week since Russia Invaded Ukraine. OPEC+ output cuts and an unexpected drop in US inventories boosted WTI on Wednesday before NFPs on Friday.

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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...