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Will Oil Prices Hit $100?: A recent move by Mexico to slash its crude exports is compounding a global squeeze, prompting refiners in the US — the world’s biggest oil producer — to consume more domestic barrels. ....
Oil prices surged above USD 90 a barrel due to military tensions between Israel and Iran, compounded by global supply shocks. Mexico cutting crude exports and other disruptions are intensifying fears of inflation. This supply crunch is turbocharging an oil rally, potentially pushing Brent crude to USD 100, impacting global economies and Biden s reelection chances. ....
(Bloomberg) When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence.Most Read from BloombergSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyRBC Fires CFO Ahn After Probe Into Personal RelationshipMark Zuckerberg’s Wealth Ex ....
Governor Christopher J. Waller: central banking can look like the work of individual policymakers, parsing the data and making the hard decisions piatafinanciara.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from piatafinanciara.ro Daily Mail and Mail on Sunday newspapers.