Oilprice.com‘s Alex Kimani writes:
– On Wednesday, Federal Reserve Chairman Jerome Powell announced the decision to leave the policy rate, federal funds rate, unchanged.
– Oil and many other commodities tend to have an inverse relationship with the dollar.
– Oil prices have not responded yet to the weakening dollar, but are likely to do so if this trend persists.
In recent times, fears of a spillover in the conflict between Israel and Hamas, …
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