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Brent falls back after OPEC lowers 2024 and 2025 demand growth forecast
In the past couple of minutes oil prices have fallen back and the reason for that is due to the contents of the latest OPEC monthly oil market report. OPEC have just lowered their 2024 and 2025 demand outlook forecast. The demand forecast has been lowered by 135k BPD for 2024 and by 65k BPD for 2025. Brent has immediately dropped back on this news. Earlier Brent reached a session high at $80.43. It is now threatening to fall back below $80 following this news
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
