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Oil prices fall as investors weigh Fed chair comments, rate hike

Por: CNBC Business March 23, 2023

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Oil prices fell on Thursday following three sessions of gains, after Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises. fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while  dropped 84 cents, or 1.2%, to $70.06.Both crude benchmarks had settled on Wednesday at their  since March 14.Powell also said on Wednesday that banking industry stress could  with... + full article



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