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Oil Markets Down for 5th Week in 7 as Stubborn US Inflation Raises Fears of Recession

Oil Markets Down for 5th Week in 7 as Stubborn US Inflation Raises Fears of Recession

NEW YORK (Sputnik) – Oil markets fell for a fifth week in seven as stubbornly high US inflation raised the odds of a recession amid the Federal Reserve’s attempts to rein in the worst price pressures in 40 years.

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