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Saturday, May 5, 2018

Oil Prices Hit Multi-Year High


As supply concerns mount, oil prices have rallied to multi-year highs. A swirl of tariffs, sanctions, and geopolitical tensions in the Middle East have pushed oil to a three-year high. But some experts think that prices could drop as soon as 2019 as the dollar embarks on its own rally. The dollar has been on a steady climb this year, rising more than 3.5% over the past three months on the US dollar index. And it could keep trending higher — the Federal Reserve is on track to raise rates two or three times more this year, which is relatively faster than the other major central banks. https://ift.tt/2wb34mr http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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