Wednesday, 24 May 2023

Oil Price Update: WTI and Brent Rally Approaches Confluence Area, Where to Next for Oil Prices?

Oil prices have enjoyed a positive rally this week with production fears ramped up as the OPEC+ meeting looms. Are we in for further production cuts from OPEC+?

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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...