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Oil price and Monetary policy

Oil prices rebounded Thursday after falling 10 percent in five days.

The sharp downward move came after the OPEC+ meeting failed to take any measures to further support prices.

With markets disappointed, several central banks are desperate to cut interest rates soon.

But the Central Bank of Canada's interest rate cut has raised hopes of cutting interest rates in industrialized countries such as the United States, Europe and Britain. This caused oil prices to rise somewhat.

Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 

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