The benchmark Brent crude oil is down 0.78% to $78.14 today at 5.30 a.m. EST marking a new low since in $122 level high in January. The latest hike by the Federal Reserve and an ever-strengthening U.S. dollar continue to send economic ripples globally, dampening oil prices in the process as inflation and higher borrowing costs impact consumer sentiment. At the same time, the U.K. Pound has reached an all-time low against the greenback U.S. natural gas is now at $6.68 down 2.23% today, significantly lower from its August levels of ~$10.
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