Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 1920, Occidental Petroleum (OXY) is a global gas and oil production company with their head office based in Houston, Texas. The corporation has approximately 35,000 employees and operates across Latin America, the United States and the Middle East. There are three major business segments: oil and gas, marketing and midstream, and OxyChem, the biggest producer of basic chemicals in North America. Founded in 1987, the division manages a range of plants throughout the US, Canada and Chile. A Fortune 500 company, Occidental Petroleum is listed on the New York Stock Exchange (NYSE). Learn the Occidental Petroleum share price at Capital.com.
Both the Federal Reserve and Bank of England will deliver their updated monetary policies this week, with GBP/USD likely to experience increased momentum.
Markets expect a 25bp rate cut at the FOMC meeting on December 18, 2024, amid strong U.S. economic data. However, the outlook for 2025 remains uncertain as inflation and growth trends evolve.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
12:58, 12 December 2024
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