In July, crude oil prices recorded their largest monthly increase since January 2022, marking their best performance in nearly two decades. Earlier last week, due to the recovery of crude oil demand and the impact of OPEC+and Saudi Arabia's production cuts, oil prices reached a three-month high. According to recently released economic data, the US economy has grown faster than expected, while inflation is also continuously decreasing. In recent weeks, an increasing number of fund managers believe that the US economy may achieve a soft landing. Despite the highest interest rates in 22 years in the United States, commodity related investments have once again become attractive. Fund managers are becoming increasingly optimistic about the upward trend in crude oil prices, and market participan
U.S. Economy
Latest news and headlines related to the U.S. economy.