EnergyBasicOil Prices Top $100, Rekindling Recession Fears and Fed Rate Hike Odds
Escalating tensions between the U.S. and Iran have propelled oil prices past the $100 per barrel mark for both Brent Crude and WTI Crude. This surge reignites concerns about a potential economic recession and increases the probability of a Federal Reserve interest rate hike in the coming week.
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