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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (133148)	9/16/2022 12:22:12 PM
From: Goose94	Read Replies (1) of 202400

Crude Oil: With stocks firmly in the red, house prices trending downwards, US yields hitting multi-year highs, and the threat of a global recession still looming, fears of an economic downturn certainly seem well founded. Amidst widespread expectation that next week’s Fed meeting will see another aggressive interest rate hike, sentiment in the oil market is decidedly bearish, with oil prices on track to record a third consecutive weekly decline. While there are plenty of bullish catalysts in the not-so-distant future for oil markets, none of them are immediate enough to counter current economic fears. Oilprice.com

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