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Further Oil Price Spikes Could Rekindle Recession Fears

This week’s oil price surge sharply raised the odds of a Fed interest rate hike next week and re-launched the recession conversation, for the first time since the early weeks of the Iran war.

  • Brent and WTI Crude prices exceed $100 per barrel
  • Strategic U.S. oil reserves at lowest since 1980s
  • Fed interest rate hike probability rises to 72.4%

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