WTI Crude Oil soared over 8% today in what has been extremely volatile March. The International Energy Agency (IEA) wanted that 3,000,000 bpd of oil from Russia could be shut-in within the next 3 months. Crude oil prices reversed the recent selloff and climbed back above $104 as the IEA noted that the higher fuel […]
The post WTI Back Above $104 as IEA Warns on Loss of Russian Oil appeared first on Action Forex.
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…
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The market is fixated on the threat of accelerating inflation driven by high energy prices. As a result, central banks are expected to adopt a tighter monetary policy, keeping rates at high levels or even Read more…