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Tag Archives: interest rate worries

Brent jumps, WTI rallies past $77.5 on Powell’s speech

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

WTI crude got bolstered on the weaker US dollar that got impacted following Fed’s Powell remarks in his speech before the Economic Club of Washington. China’s reopening and Turkey’s earthquake are among the key factors reinforcing crude oil prices.Powell said very strong jobs data released last week simply affirmed that …

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