Tuesday, 18 October 2022

Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI crude and brent crude oil prices are slightly higher after news of an additional US SPR release sent prices sharply lower on Tuesday. The Biden administration is considering additional measures to cool prices.

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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...