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Oil Price - Pound, gold and oil prices in focus: commodity and currency check, 25 November
25-11-2024 01:37
Traders expect the BoE to leave interest rates unchanged at 4.75% in the December meeting and prices in 75 basis points (bps) cut to 4% by 2025, according to Reuters. Investors will be closely watching speeches from BoE deputy governor Clare Lombardelli and external policy member Swati Dhingra,
Brent Oil Futures Maintain $70 Floor As Outages Drive Prices Higher
Oil benchmark Brent has held its price floor above $70 for much of November having threatened to breach it at one point. It looks likely to stay there for now.