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Commodities· May 01, 2026 at 12:06 PM

Oil Is Replacing Interest Rates as the Global Economy’s Dominant Force

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The hosts of The Best One Yet (TBOY) podcast have been arguing that the macro baton is changing hands. After interest rates dominated the economy for the past four years following the 2022 inflation spike, oil is now becoming the primary economic lever. The framing is straightforward. High interest rates “froze” housing markets, “closed” construction ... Oil Is Replacing Interest Rates as the Global Economy’s Dominant Force

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