Oil Prices Climb On OPEC+ Decision And Declining Dollar ...Middle East

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Oil Prices Climb On OPEC+ Decision And Declining Dollar
source : OILPRICE ( Middle East ) () 41
After slipping earlier this week on doubts about the Fed’s rate hikes, crude oil prices reversed their losses on Wednesday, following an OPEC+ meeting that resulted in no change to production policy and a weaker U.S. currency. Doubts about the Fed’s next move ended on Wednesday when the U.S. central bank announced yet another, but smaller, rate hike, at a quarter of a percentage point, largely in line with expectations and hopes that it is nearing the moment when it will end rate hikes altogether. The Fed itself, however, dismissed…

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