Oil Stocks Slipped in Morning Trading

Tiger Newspress2022-05-09
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Comments

  • 手可摘棉花
    2022-05-10
    手可摘棉花
    Everything drop! Everything!
  • JT_TJ86
    2022-05-10
    JT_TJ86
    How come
  • Bharatt
    2022-05-10
    Bharatt
    😞
  • CL777
    2022-05-10
    CL777
    Ok
  • tanks77
    2022-05-10
    tanks77
    Ok
  • robot1234
    2022-05-10
    robot1234
    Oil tumbles about 6% as China COVID lockdowns weigh. Oil prices sank about 6% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook. Brent crude fell $6.45, or 5.7%, to settle at $105.94 a barrel. U.S. West Texas Intermediate crude fell $6.68, or 6.1%, to settle at $103.09 a barrel. Both contracts have gained about 35% so far this year. Global financial markets have been spooked by concerns over interest rate hikes and recession worries as tighter and wider COVID-19 lockdowns in China led to slower export growth in the world’s No. 2 economy in April.
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