Sunday, 4 June 2023

Crude Oil Price Jumps Again after OPEC+ Announced Production Cuts. Higher WTI?

Crude oil prices made solid gains to start the week on the back of OPEC+ reduced output targets with Saudi Arabia making the largest sacrifice in an effort to boost 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...