WTI FALLS OVER 2% ON FEARS OF FED’S TIGHTENING PLAN, BROAD US DOLLAR STRENGTH

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Western Texas Intermediate (WTI) slid almost $2.00 on Monday as traders brace for additional tightening by the US Federal Reserve (Fed). Therefore, the greenback advanced against most commodities, and in the FX space, against most G10 currencies. At the time of writing, WTI is trading at $80.92 a barrel, down more than 2%.


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