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Home > Chemicals Market Price & Insight > Crude oil Market Price & Analysis > Featured News - Crude oil > Banking turmoil eases, Fed narrows interest rate hike, U.S. crude oil returns to the 70th round
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Banking turmoil eases, Fed narrows interest rate hike, U.S. crude oil returns to the 70th round

ECHEMI Info 2023-03-24
In the outer cycle of March 20 to March 22, 2023, European and U.S. crude oil futures recovered from 15-month lows to round $70 / BBL on the back of no further deterioration in Western banking risks and signals from core producers to help prices.

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