The benchmark Brent crude oil is up 0.56% to $83.42 today at 5.52 a.m. EST after giving up yesterday’s early gains in a volatile session. Russia’s force mobilization and talk of nuclear warfare were overshadowed by the U.S. Fed’s rate hike yesterday. While the dollar continues to rise, Japan is propping up Yen after a long time. With more rate hikes possibly in the offing, a lower demand scenario has pushed oil lower in recent weeks. In the meantime, U.S. natural gas is down 0.90% to $7.71 continuing its losing streak over the past month.
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