Monday, 12 June 2023

Oil Continues its Post-OPEC+ Slide, Multi-Week Lows in Sight

Ongoing recessionary fears and elevated US Treasury yields continue to weigh on oil which is now back to lows last seen at the start of the month.

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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...