Thursday, 5 October 2023

Oil Price Update: Brent, WTI Prices Plunge after Weaker US Demand

US demand for gasoline has dropped, resulting in stock builds. Early indications of fragility are showing in the US after yesterday’s PMI report revealed a drop in new orders

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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...