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US Unleashes Another Wave of Emergency Oil as Gas Prices Bite

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Energy Markets & PricesCommodity FuturesCommodities & Raw MaterialsGeopolitics & War

US crude futures ended the week above $90 a barrel, more than $20 higher than last Friday, posting the biggest weekly percentage gain on record since data began in the 1980s. The move signals a sharp tightening in energy markets and is likely to ripple across inflation expectations, transport costs, and broader risk sentiment.

Analysis

US crude futures ended the week above $90 a barrel, more than $20 higher than last Friday, posting the biggest weekly percentage gain on record since data began in the 1980s. The move signals a sharp tightening in energy markets and is likely to ripple across inflation expectations, transport costs, and broader risk sentiment.

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moderately positive

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