Oil sinks back below $80, snapping technical support. Sluggish demand comes back into play as increasing bond yields risk Fed delaying the initial rate cut. The US Dollar Index edged up to 105.00 as the rate differential widens in favor of the Greenback. This week, the US bond market has seen quite a few big bond allocations, with bond traders starting to demand higher yields.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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