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Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply 0
- Market
- December 7, 2022
Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely offset positive supply-side signals from a bigger-than-expected draw in crude inventories. A growing number of Wall Street banks warned of a potential recession in 2023, especially if interest rates keep rising and if inflation proves
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Oil Rises on Saudi Supply Signals, But Demand Fears Cap Gains 0
- Market
- November 22, 2022
Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC), although concerns over slowing demand in China and a potential U.S. recession kept gains muted. Crude markets reversed sharp losses in a volatile session on Monday after Saudi Arabia, the leader of the OPEC
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BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast 0
- Forex Analysis, Stock Market
- October 28, 2022
The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said
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