Market in mix sentiment.
“Putin mobilises more troops for Ukraine, says West wants to destroy Russia”
War will push energy stock up, but investors are awaiting for the conclusion of the US Federal Open Market Committee meeting today where it is expected to announe another large interest rate hike.
War will push energy stock up, but investors are awaiting for the conclusion of the US Federal Open Market Committee meeting today where it is expected to announe another large interest rate hike.
Increase in interest rates strengthens the U.S. dollar, the principal currency used in oil trading, making crude and oil products more expensive for consumers using other currencies.
This can hurt global oil demand, and impact of slowing global economic growth.
This can hurt global oil demand, and impact of slowing global economic growth.
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whqqq : Maybe it's time to follow Buffett to buy OXY?