Post Tagged with: "slide"

Source: Reuters

Crude oil prices slide nearly $4 as banking fears rattle markets

BOE Report


Oil prices fell nearly $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support.

West Texas Intermediate U.S. crude futures …

Source: Reuters

Oil prices slide on China COVID worries, cut in OPEC demand outlook

Nasdaq


SINGAPORE – Oil prices slid on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world’s top crude oil importer and after OPEC cut its 2022 global demand forecast.

 

Brent crude futures …

Source: Reuters

Oil prices slide as U.S. instructs crude producers to increase output

World Oil


Oil fell for a second day as one of the top energy diplomats in the U.S. urged producers to hike output.

West Texas Intermediate declined 1.3%, falling for a second session. The global economy is facing an energy …