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Oil Prices Under Pressure From A Strong Dollar

15 Nov 2021
Oil Prices Under Pressure From A Strong Dollar
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Federal Reserve will speed up the pace of its interest rate hikes in an effort to tame inflation.
 
Crude oil bulls are also grappling with the possibility the Biden administration might release oil from the U.S. Strategic Petroleum Reserve to cool prices. Meanwhile, a new forecast from OPEC that showed world oil demand for the fourth quarter could also drop is raising additional concerns.
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By DAVOR Marketing Team
📞: +6011-26139527 (Office), +6012-2919166 (Sales)
✉️: sales@davor.com.my
💻: https://www.davor.com.my/

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