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Crude Oil Fundamental Forecast

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by , 07-25-2022 at 01:30 PM (81 Views)
      
   
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WTI prices have declined rather significantly as recession concerns build despite supply remaining extremely tight. Next week's Fed rate hike could add to that: on Wednesday the FOMC (the Fedís rate setting committee) will decide by how much they are to raise the US Federal Funds Rate with markets expecting 75 basis points. Continuing to hike into weakness could add to recession fears and result in demand being revised lower along with oil prices.

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