Tag: unyielding
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Oil Down 7% on Week as U.S. Inflation Simply Unyielding
[ad_1] By Barani Krishnan Investing.com — The Federal Reserve’s one-step-forward-two-steps-back fight against inflation is costing oil more dearly than the market’s optimists would want to admit. Crude prices were down as much as 7% on the week, giving back about half of the past two weeks’ gains, after latest readings for U.S. retail sales and…