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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (132179)	8/30/2022 4:26:19 PM
From: Goose94	Read Replies (1) of 202843

Crude Oil: WTI/Brent Falls On Growing Inflation Fears The recent oil price surge triggered by rumors of an impending OPEC+ production cut has hit a ceiling and even though the meeting is just a week away, focus has shifted towards aggravating macroeconomic environment, dragging ICE Brent down to $100 per barrel. Inflation has roared back into public debate, however, this time around it is not the United States in the limelight but Europe. With almost every single major country seeing double-digit inflation and still not yet seeing the peak, the European Central Bank is already testing the idea of a steeper-than-expected interest rate hike of 75 basis points. And this might still be far from the end. Oilprice.com

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