Petroleum—or crude oil—is a fossil fuel that is found in large quantities beneath the Earth’s surface and is often used as a fuel or raw material in the chemical industry. It is a smelly, yellow-to-black liquid and is usually found in underground areas called reservoirs.
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The Fed Decision is within hours.
In recent weeks, there has been some exuberance in the stock market, as a few economic indicators suggested that perhaps the Fed wouldn’t tighten as much as the anticipated 75 bps hike. Most recently, we’ve seen better-than-feared earnings from th...
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