Monday, 8 May 2023

Crude Oil Maintains the Gains as Markets Await US CPI. Will WTI go Higher?

The crude oil price has stabilised so far on Tuesday after recovering from last week’s rout as soft Chinese data left markets pondering ahead of tomorrow’s US CPI. Where to for WTI?

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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...