Oil Rally Unlikely To Be Derailed By Supply Side Risks ...Middle East

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Oil Rally Unlikely To Be Derailed By Supply Side Risks
source : OILPRICE ( Middle East ) () 19
Despite trading at above $74, Brent prices retreated following the comments made by the chairman of the Federal Reserve which gave a boost to the US dollar. The Federal Reserve seems to have realised that inflation levels may end up higher than previously anticipated, as shown by the historical lows of the bond yields, weakening US dollar, and significant rise in equity markets. The comments made last week, made by Jerome Powell suggested that inflation may not end up as being ‘transitory’ and that the Fed, which is still concerned…

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