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2022-07-06

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Oil Extends Its Decline, With Brent Crude Dropping Below $100 a Barrel

Oil dropped below $100 a barrel, with Goldman Sachs Group Inc. saying that a plunge driven by fears

Oil Extends Its Decline, With Brent Crude Dropping Below $100 a Barrel

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With central banks including the Federal Reserve hiking interest rates to tame inflation, investors have been pricing in the consequences of a slowdown, even as physical crude markets continue to show signs of vigor and the war in Ukraine drags on.</p><p>A strengthening dollar has also been a headwind for commodities this week, as a gauge of the US currency rallied to the highest level in more than two years, with investors shying away from risk. 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