Post Tagged with: "recession fears"

Source: Reuters

Oil rises over $1, still set for weekly drop on recession fears

US News

LONDON – Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.

Source: Reuters

Oil prices fall as recession fears trump tight supply


Oil prices fell as much as 3% on Wednesday after the Federal Reserve imposed in its biggest U.S. rate since the 1990s, adding to fears that the central bank will push the world’s largest economy into a recession in …