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- May 3, 2022
Oil prices settle down on fears of Fed and oil profit tax
Oil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike.
Most Fed watchers had expected the U.S. central bank to hike rates by 50 basis points at its meeting on Wednesday. But after Friday’s surprisingly strong consumer price index (CPI)…
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