Energy news

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Market Insights Podcast - US ADP softer, Bank of Canada holds rates

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the US economic data, the Bank of Canada interest rate decision, and another fall in oil.

07-12-2023 04:45 GMT by Craig Erlam

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Brent Crude - Oil volatile near lows after OPEC+ "deal"

OPEC+ unofficially agree to 2.2 million barrel per day cut Full compliance with cuts already looks unlikely Brent continues to consolidate near recent lows Oil prices remain quite volatile but more importantly, not too far from their recent lows after traders judged yesterday's announcement from OPEC+ with some skepticism.

01-12-2023 17:16 GMT by Craig Erlam