(RECAP) DAILY NOTION...from Trading Central

27 Jan 2021, 10:27 · Views 260

(RECAP) DAILY NOTION - FOLLOWME x TradingCentral - WTI Crude Oil Futures (Mar): Intraday Oil Prices Remain Bullish Ahead of API Stockpile Data. - Jan 26, 2021 #WTICrudeOil##CrudeOil##oilprice##TradingCentral#

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Later today, the American Petroleum Institute is expected to report the U.S. crude inventories for the week ending March 24.

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Stocks rebounded Thursday from a 500-point loss in the Dow Jones Industrial Average as investors bet the Federal Reserve was done hiking interest rates.

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US futures are set to rise Wednesday morning as traders looked to recover from a down session.

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On Sunday, in a surprise move, Saudi Arabia and other OPEC+ oil producers announced an oil-output cut of about 1.16 million barrels per day.

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On Thursday, the Bank of England raised its benchmark rate by 25 basis points to 4.25%, as expected. The central bank said it expects inflation to cool faster than before. USD remains under pressure.

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