Oil prices have plunged to below $45 per barrel due to the interest rate hike announced by the Fed last week. While we believe that the negative impact of increasing interest rates is likely to be short-lived, the growth in the U.S. oil supply and stockpile could delay the revival of oil prices.
Oil prices have plunged to below $45 per barrel due to the interest rate hike announced by the Fed last week. While we believe that the negative impact of increasing interest rates is likely to be short-lived, the growth in the U.S. oil supply and stockpile could delay the revival of oil prices.
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