Dec 13, 2023
Oil Trader Turn Bearish as Humanitarian Crisis Ahead of FED Decision
Article by: Jonathan Barratt
l explore the complex dynamics of the recent UN resolution on the Gaza conflict, where the US vetoed a proposal for a humanitarian ceasefire and Britain abstained. Delve into the geopolitical concerns surrounding the two-state solution and the potential ramifications for global markets, particularly in terms of oil prices. l also analyse the impact on the US economy amid inflation numbers, unemployment, and the looming possibility of increased crude oil costs.