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Oil futures settle at their lowest in a week, as recession worries pull prices down a second day

Por: MarketWatch Business May 11, 2023

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Price action Market drivers There are “multiple notable influences” on the oil market right now, including, the U.S. debt ceiling drama, simmering regional bank worries, and inflation expectations driving a still-aggressive Federal Reserve policy outlook, which will ultimately result in a potentially deep economic recession, which would crush demand, analysts at Sevens Report Research wrote in Thursday’s newsletter. “Those factors will... + full article



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