I would like to emphasize that the horizon in the American economy and in the markets is becoming increasingly dark. The dark clouds in the financial sky are thickening, naturally causing worry and fear, and foretelling that the storm will, unfortunately, not be long in coming.
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It should also be noted that oil prices have soared since June due to production cuts by the world's largest crude producers (OPEC+, which includes Russia and Saudi Arabia). International benchmark Brent crude oil prices rose 28% from their June 11 low of $74 a barrel to over $95 a barrel, speeding toward $100 a barrel.