Oil Prices Are Set To Rise Throughout 2023 ...Middle East

Crude oil prices started this week with a loss. The reason for that initial weekly loss came down to overall global economic growth pessimism and expectations that the U.S. Federal Reserve will continue raising interest rates, making the dollar more expensive and sapping demand for dollar-priced crude. But by the end of Monday, oil prices had rebounded and were trading higher, extending the rally into morning Asian trade on Tuesday. The reason—comments from attendees at the CERAWeeek industry conference—suggested that supply will tighten…

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