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Interest rates associated with price

If there are an increase in interest rates will it be associated with increase in oil prices? If so, what is the connection? (I want more of a written than mathematical explanation if possible).

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In economics, inflation is an increase in the general level of prices of a given kind. General inflation is referred to as a rise in the general level of prices.The interest rate is the percentage fee received or paid by individuals or organizations when they lend or borrow money. There are many different interest rates, but ...

Solution Summary

This gives the relationship between Interest rates and oil prices