It's different this timeIf the US Fed raises rates this month, I think the oil markets will react differently this time around. Previously, a rate hike generated fear of a recession and downturn in oil demand, putting downward pressure on oil prices. This time, a hike may signal the Fed's fear of rising inflation especially as regards to the impact of oil prices, and the markets may shrug off the added risk of recession (since the large increases to date has not produced the infamous hard landing), and instead interpret the move as "damm the Fed is worried about oil prices so there must be a shortage of it" and drive oil prices up.