Commodities Lifted by Hawkish Fed, Strong USD

Commodities softened in Asia Thursday, retracing some of the gains made in the prior day after a hawkish Fed meeting. The front-month contract for WTI crude oil rallied to a one-week high of 46.22 before settling at 45.94, up +6.34%.

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Commodities Lifted by Hawkish Fed, Strong USD