03 Nov, 23

Oil Prices Climb As Interest Rates Remain Unchanged

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After falling for the first three days of the week, oil prices have started to recover after both the Federal Reserve and Bank of England decided not to hike interest rates.Friday, November 3rd, 2023Sometimes no action is the best action. That was certainly the case for oil markets this week when it came to interest rate hikes. After falling for three straight days, oil prices received some much-needed support from federal banks. With neither the Federal Reserve nor the Bank of England hiking interest rates this week, Brent jumped back to…

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