Quartz·1 min read·medium
Oil at a 7-week high. Two big earnings misses. Rate hike odds are climbing
✦AI Summary
Brent crude oil prices have reached a seven-week high, nearing $100 per barrel. This rise coincides with disappointing earnings reports from major tech firms and increasing expectations for interest rate hikes.
Brent crude jumped nearly 5% to close in on $100 a barrel, adding to pressure from earnings misses at Alphabet and Tesla
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