Oil Near $130 is a Nightmare for Inflation

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Oil Near $130 is a Nightmare for Inflation

Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite rising prices. In addition, US producers are unable or unwilling to increase US oil supplies. Inflation is a number one […]

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