Carlyle's Jeff Currie Forecasts Sharp Surge in Crude Prices on Speculation of Fed Rate Reductions
Wednesday, 20 March 2024, 23:05
Crude Oil Futures and USD Strength
Crude oil futures experience a slight dip from their recent five-month highs, partially attributed to the strengthening US dollar. The market's movements reflect the ongoing dynamics between oil prices and currency valuations.
Currie's Projections and Fed Rate Cuts
Jeff Currie of Carlyle predicts a substantial surge in crude prices beyond the $70-$90 range, should the Federal Reserve decide to implement rate cuts in the coming months. This projection emphasizes the interconnectedness between monetary policies and commodity markets.
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