Strong dollar and recession risks weigh on crude oil


28 Sep

Strong dollar and recession risks weigh on crude oil

The acceleration of the rise in US 10-year Treasury yields above 3.75% in recent days has further strengthened the dollar, which has now appreciated by 18% against all currencies this year. The appreciation of the dollar is weighing notably on the price of crude oil, which fell by -6% last week and down -35% since its peak in June. But it is also the risk of recession that is pushing oil a little lower, which is (...)

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