Friday, 11 August 2023

Oil Update: OPEC Monthly Report Points to Tighter Oil Market, Cuts Continue

Record US oil production partially offsets OPEC’s output drop but the global oil market is set to get tighter into year end

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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...