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Crude oil prices are moving lower after dropping overnight on news that the US may release strategic oil reserves. A bearish EIA inventory report also put the hurt on prices.
Crude oil is on the move higher after OPEC kept production increases for November at 400k barrels per day. Meanwhile, natural gas is in a strong position as the 2021/2022 heating season looks to ki...
WTI is trading at a major decade-long level that could have an important impact this week.
Crude and Brent oil prices rose alongside broader markets as sentiment rebounded. Traders are focusing on the upcoming EIA inventory report after Australia and New Zealand saw Covid cases rise.
Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite 2021-08-03 04:00:00 Thomas Westwater, Analyst Gold, Crude Oil, Commodities – Talking Points Gold prices eye Friday’s US non-farm payrolls report for direction NFP print key to Fed’s economic outlook, Jackson Hole in view Crude oil prices trade down to support at key moving average The price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor mark...