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News Link • Economy - Economics USA

Workers Pay Rises Most Since 2008

• arclein

The gas and fuel oil prices are tied to crude oil prices, which tend to fluctuate as oil-producing countries move production targets and face wars, natural disasters, and internal turmoil. Oil speculators then try to take advantage of the market shifts, exacerbating price swings. President Donald Trump has repeatedly criticised the Organization of the Petroleum Exporting Countries (OPEC) for capping production, which pushes prices up. Also, Trump's withdrawal from the Iran nuclear deal caused some market anxiety. However, the administration made clear it intends to cut Iran?"a significant producer?"out of the market without disrupting it.

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