The Current Plight of Crude Oil Amid Economic Headwinds The Current Plight of Crude Oil Amid Economic Headwinds

Written By Michael Gary Scott
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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One lonesome fact rang true on Wednesday: the downward spiral of crude oil futures into a third consecutive session. U.S. crude inventories ascended in the latest U.S. data iteration, sparking dire concerns about demand. The alarm bells grew louder with the Federal Reserve meeting minutes revealing a stubborn inflation that, in all its capricious glory, seemed unwilling to yield to expectations anytime soon.

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