Oil futures declined Friday, with U.S. prices dropping below $80 a barrel to settle at their lowest since January. “Economic turmoil is putting oil on track for its first quarterly loss in two years as the market focuses on the potential coming recession inspired by aggressive Federal Reserve policy, and is not focused currently on the undersupplied supply squeeze that is facing the world this winter,” Phil Flynn, senior market analyst at The Price Futures Group, in a Friday report. November WTI crude CLX22,
AUDUSD consolidates ahead of US inflation report
The AUDUSD pair remains under downward pressure, trading within a range amid expectations of RBA policy easing and the upcoming US inflation data. The rate