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Oil Oversold After Macro Fears Hit Market

Por: Forbes Business March 21, 2023

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Oil prices plunged 10 percent on macro economic fears in the wake of the collapse of SVB despite a ... [+] well-supplied market. (Photo by David McNew/Getty Images)Getty Images The macroeconomic fears in the wake of the latest banking crisis have tripped up oil, leading to a 10% plunge in prices. How worried should investors be about the sell-off spreading? Fears of contagion in markets currently dominate sentiment in oil trading. The... + full article



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