- How $100 Oil Could Scramble the Fed’s Fight Against Inflation. Oil has gained roughly 30 percent since June. Two reasons: Saudi Arabia and Russia extended production cuts to the end of the year, removing more than a million barrels a day from the market; and global demand remains robust. https://www.nytimes.com/2023/09/20/business/dealbook/oil-prices-fed-rates.html 3 comments economy
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