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Oil-Dollar: The Fed, Inventories, and Geopolitics
Investor focus on Wednesday was on
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Investor focus on Wednesday was on the Federal Reserve's interest rate decision and the subsequent press conference. A 0.25% interest rate cut is already priced in. However, market participants remain on alert, awaiting new hints regarding the Federal Reserve's future actions.Meanwhile, oil market participants are assessing the data from the US Energy Information Administration (EIA) report, released on Wednesday.The EIA reported a reduction in US oil inventories of -1.812 million barrels in November, exceeding forecasts of -1.200 million barrels (after
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Jurij Tolin,
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