- July 27, 2023
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Oil prices had already forgotten about Wednesday’s rate hike by Thursday morning, with WTI hitting $80 per barrel just before noon ET. WTI was trading at $80 per barrel on Thursday morning at 11:52 a.m. ET, up $1.22 per barrel, or 1.54% on the day. Prices haven’t been this high since mid-April. Analysts had long warned speculators that the oil markets had already priced in a fed rate hike—a move that typically sends crude oil prices lower on propects of economic slowdown and decreased oil demand. But since the fed rate hike didn’t…
