Post Tagged with: "oil tumbles"

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%, …

Source: Reuters

Oil tumbles 4% on concerns over Europe curbs, rollouts


LONDON -Oil prices fell more than 4% on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar.

Brent crude futures were down by $2.69, or 4.2%, to $61.93 …