Oil Prices Update: What’s Happening to Black Gold?
From SVB’s emergency purchase to supply issues caused by Iraq and Turkey, this article lists the factors that have driven Oil prices upward on Monday.
Plus500 does not provide CFD services to residents of the United States. Visit our U.S. website at us.plus500.com.
From SVB’s emergency purchase to supply issues caused by Iraq and Turkey, this article lists the factors that have driven Oil prices upward on Monday.
This week, key economic data ranging from GDP to CPI and Consumer Confidence are set to be released and policymakers are expected to testify about SVB’s collapse. How can this week’s upcoming economic events affect the markets?
The BOE is set to meet on Thursday and is expected to hike by 25 bps as it aims to respond to the banking crisis with targeted measures. Meanwhile, CPI surged to a 40-year high, adding more pressure to the MPC.
A series of banks have fallen in recent days perhaps due to investor concern regarding Crypto exposure stemming from the FTX collapse.
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Plus500 does not provide CFD services to residents of the United States. Visit our U.S. website at us.plus500.com.