Oil Prices Set To Climb On Rumors That The Fed Will Stop Hiking Interest Rates

Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices. According to a Reuters report, the Fed might end its rate-hike policy as soon as March, as economic indicators suggest inflation is slowing down and getting under control. What’s more, the Fed is set to announce another hike in benchmark rates this week but it may be lower than previous ones, at 25 basis points. Oil prices climbed last week on the positive economic…