BUSINESS

WORLD

While the USA Federal Reserve continues to raise interest rates, to combat inflation, the US Dollar continues to stay strong against other Foreign Currencies. Talks of more funds release from US Congress equalizes the strength, thus we expect smaller rise in the USD vs PHP than many experts are predicting.

The Biden Administration remains headstrong it's all out war against Oil Companies and fossil fuels. The embargo placed on Russian oil is having little to no effect on Russian oil exports, since the top 2 World's Largest countries, China and India import much oil from Russia. We do not expect oil prices to fall lower until the US re-establishes itself as the World's Top oil producer.

USD TO PHP:

55.68

As of Dec 31, 2022

Predictions:

55.42 Predictions:

56.12 Predictions:

57.04 Predictions:

56.44 For Aug 15, 2022

For Sept 1, 2022

For Oct 1, 2022

For Nov 1, 2022

Predictions:

57.17 Predictions:

56.12 For Dec 1, 2022

For Dec 31, 2022

WTI CRUDE OIL

80.51

( Per Barrel)

As of Dec 31, 2022

Predictions:

89.59 Predictions:

80.12 Predictions:

88.69 Predictions:

80.42 Predictions:

80.63 For Sept 1, 2022

For Oct 1, 2022

For Nov 1, 2022

For Dec 1, 2022

For Dec 31, 2022

- RockwellDrive Staff