WTI Falls Toward $62.00 on Rising Oversupply Fears
West Texas Intermediate (WTI) crude slipped to around $62.15 during early Asian trading on Wednesday, marking its lowest level in nearly two months. The decline comes amid an unexpected build in US crude inventories and a bearish oversupply outlook from the International Energy Agency (IEA). Data from the US Energy Information Administration (EIA) showed crude […]
EUR/USD Holds Near 1.1700 Ahead of Key Eurozone GDP and US PPI Releases
The EUR/USD pair is trading steady around 1.1700 during Thursday’s Asian session, pausing after two consecutive days of losses as the US Dollar (USD) stages a mild technical rebound. Market attention is now on the Eurozone’s second-quarter Gross Domestic Product (GDP) figures, set for release later today, followed by the US Producer Price Index (PPI) […]