Echoing the end of August face-ripping rally, WTI crude has soared almost 12% in the last 4 days, pushing the Dec contract above $48 for the first time since mid-September... And the reason? Well, The Fed is raising rates and they wouldn't do that if the economy was not awesome, right?
Surge pricing...
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In a similarly vicious move to the August-close ramp...
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Charts: Bloomberg
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