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US CPI Weighs on Oil Demand

US CPI Weighs on Oil Demand

Crude oil prices fell on Tuesday due to rising inflation and demand concerns. However, the oil market faces significant uncertainty around the Fed, OPEC's production cuts, and weakening China indicators.

Crude Oil Tops $80 for the First Time Since 2014

Crude Oil Tops $80 for the First Time Since 2014

An increase in vaccinations might be fueling the economy, and its rising activity requires more Crude Oil, prompting a rise in demand. Oil’s price topped $80 on Monday for the first time since 2014. Will this rally endure, or will rising Oil production weigh on the price?

How Did Friday’s Pipeline Hack Affect Oil Prices?

How Did Friday’s Pipeline Hack Affect Oil Prices?

Oil prices rose on Monday as major supplier Colonial Pipeline dealt with the aftermath of Friday’s cyberattack. The attack shut down service to the U.S.’s largest oil pipeline and the company advised that operations might not be restored until next week.

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