Energy news

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Brent Crude - Oil Slides 2% in European Trade Before a Recovery, OPEC+ Meeting Next

Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Concerns about China's economic recovery and the possibility of increased Libyan oil production are also weighing on oil prices. From a technical perspective, the H4 chart showing RSI divergence. Higher prices ahead?

01-10-2024 08:28 GMT by Zain Vawda

Markets Weekly Outlook - Will the NFP Report Validate Rate Cut Optimism?

Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank policies and market sentiment.

27-09-2024 13:20 GMT by Zain Vawda