Post Tagged with: "oil slides"

Source: BOE Report

Oil slides on China demand concerns, easing supply worries

BOE Report


Oil fell around 4% on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further interest rate rises by the U.S. Federal Reserve.

As part of the rout, …

Source: BOE Report

Oil slides as renewed China COVID curbs temper fuel demand outlook

BOE Report


Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.

 

U.S. West Texas Intermediate crude for August delivery …

Source: Reuters

Oil slides 2% to 12-week low on fears of global recession

Reuters


NEW YORK -Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending the prior session’s heavy losses as investors grew more worried energy demand would take a hit in a potential global recession.

Looking …

Source: Reuters

Oil slides as Shanghai lockdowns stoke demand fears

Yahoo Finance


LONDON – Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates would hurt global …

Source: Reuters

Oil slides on COVID-19 resurgence and strong dollar

Reuters


LONDON – Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. …

Oil slides over 2% as new lockdowns threaten demand recovery

Oil slides over 2% as new lockdowns threaten demand recovery

Reuters


NEW YORK – Oil prices slipped over 2% on Thursday as new restrictions to stem a surge in COVID-19 infections increased uncertainty over the outlook for economic growth and a recovery in fuel demand.

Brent futures LCOc1 fell $1.00, …