September 30, 2022

August 19, 2022 (Investorideas.com Newswire) Russian production, the Fed’s decision to raise interest rates, and the weakened dollar. What other factors are driving crude oil prices these days?

Midweek, black gold gained 5% after rebounding from a 6-month low, as a sharper-than-expected drop in U.S. crude inventories outweighed fears over rising Russian output, export sales, and recession concerns.

Macroeconomics

On the macroeconomic side, the greenback diminished its gains on…

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