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Oil Markets Reversing

OIL

Oil prices are sinking in the aftermath of interest rate hikes by central banks having showed a resurgence earlier in the week China recovery hopes and supply disruptions. They had started the early session flat.

  • The U.S. Federal Reserve and other key central banks indicated they will raise interest rates further next year, even as the economy is slipping.
  • Brent FEB 23 down -2.1% at 79.5$/bbl
  • WTI JAN 23 down -2.3% at 74.35$/bbl

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