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Tag Archives: Canadian leak

Oil edges lower on QT decisions, global recession concerns

Mohamed Abdelhamid Commodities, Daily Economic Reports, Economic Report, Forex Market, Market Update

Crude prices edged lower on accelerating fears linked to global recession risks after another wave of central banks’ decisions regarding quantitative tightening. This is why oil’s latest rally faded as risk aversion grows wilder.The stronger US dollar makes oil more expensive for those using other currencies. Oil prices slid about …

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