The new rise with oil prices hovering at seven-month highs, it poses new challenges for the European Central Bank, which meets again on April 11, and for the US Federal Reserve, which is looking for the right time to cut interest rates. The reference price of Brent oil for Europe has reached 89 dollars per barrel. The reference price of West Texas Intermediate (WTI) for the USA is set at the level of 85 dollars per barrel.
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