Brent slips below $70pb on weak OPEC forecast | MarketTalk: What’s up today? | Swissquote

Show notes

The barrel of US crude tumbled almost 4% to nearly $65pb level, as Brent crude slipped below the $70pb mark after OPEC – which is normally optimistic - lowered its demand forecast for the second time in two months.
Elsewhere, the debate between Trump and Harris went quite well for Harris, which saw her victory odds climbed to 55, and the latter sent Bitcoin 2.50% lower. Banks sold off on gloomy outlook from big bank CEOs and Big Tech barely reacted to European fines to Apple and Google.
Today, all eyes are on the US CPI data. A sufficiently soft set of inflation figures should revive the discussion about the size of the upcoming Federal Reserve (Fed) cuts.
Listen to find out more!