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Oil Falls Below $90 on Weaker US Gasoline Demand and Recessionary Fears

Bloomberg2022-08-04

(Bloomberg) -- Oil extended declines to the lowest in almost six months as weaker US gasoline demand and recessionary fears weighed on markets.West Texas Intermediate dropped below $90 a barrel, a ...

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  • YCLim
    ·2022-08-06
    Ok
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  • Nebhol
    ·2022-08-05
    Ok
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  • Ragz
    ·2022-08-05
    Better avoid for now 
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  • Goodmeng
    ·2022-08-05
    Noted 
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  • lowmy
    ·2022-08-05
    Good news.  At least to ease some inflationary pressures 
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  • Seah CL
    ·2022-08-05
    K
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  • andrew123
    ·2022-08-05
    Like 
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  • Sunday128
    ·2022-08-05
    Ok
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  • robot1234
    ·2022-08-05
    Oil prices slump to lowest since before Ukraine invasion as recession fears weigh. Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of Ukraine as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand.Benchmark Brent crude futures ended the day 2.75% lower at $94.12 per barrel, the lowest since Feb. 21. West Texas Intermediate (WTI) crude futures settled 2.3% lower at $88.54 per barrel, after touching the lowest since Feb. 3. The fall in oil prices could come as a relief to large consumer nations like the United States and countries in Europe that have been urging producers to ramp up output to offset tight supplies and combat raging inflation. Oil had surged to well over $120 a barr
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  • RicPuah
    ·2022-08-05
    Like pls
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  • InvisibleP
    ·2022-08-05
    Ok
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  • runningjames
    ·2022-08-05
    Downside to continue for some time... Buy on dip when time can!
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  • AJAJ
    ·2022-08-05
    😏
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  • Doris11
    ·2022-08-05
    Like 
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  • SPOT_ON
    ·2022-08-05
    Ok
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  • ramius75
    ·2022-08-05
    🎉🎉🎉
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  • FatKid
    ·2022-08-05
    K
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  • HF133
    ·2022-08-05
    Ok
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  • AudTKH
    ·2022-08-05
    K
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