Post Tagged with: "$100"

Source: CNBC

Oil tumbles more than 9%, breaks below $100 as recession fears mount


Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.


West Texas Intermediate crude, the U.S. oil benchmark, slid 9%, …

Traders Bet on Return of $100 Oil

Traders Bet on Return of $100 Oil

From the Wall Street Journal

Narrowing supplies from Iran and robust global growth drive market’s bullish sentiment

A hot streak in the oil market is setting off a wave of bets on how high prices can go.

With crude prices …