US benchmark October West Texas Intermediate (WTI) crude oil showcased mixed signals on Thursday. While prices settled lower on the daily chart, the market is still in a position to close higher for the week. Driving this sentiment are both domestic monetary policies and international market dynamics.
Supporting Factors Fed's Rate Hiking Cycle The recently released U.S. consumer prices data for July has ignited speculation surrounding the Federal Reserve's monetary stance. Market analysts are hypothesizing that the Fed might be concluding its aggressive…Are Oil Bulls Being Overly Confident?
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