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Oil tops $90 a barrel, raising inflation, rate concerns | Money

Oil prices are creeping higher and raising concerns about the impact on inflation’s cooling trajectory, consumers’ wallets and the Federal Reserve’s interest rate policy. U.S. crude oil prices started creeping higher as summer kicked in after spending the first half to the year either slipping or holding relatively steady. West Texas Intermediate crude is up 15% for the year above $90 a barrel. Higher oil prices trickle down to everything from gasoline prices to transportation ...
United States Saudi Arabia Andrew Gross Sam Stovall Federal Reserve Texas Intermediate

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