Oil Set to End Volatile Week Below $100 on Slowdown Concerns - 15 iulie 2022
Oil is poised to end the week below $100 a barrel for the first time since early April after another volatile period of trading marked by escalating concerns over an economic slowdown.
West Texas Intermediate tumbled below $91 a barrel on Thursday, erasing all of the gains seen in the wake of Russia’s invasion of Ukraine in late February, before clawing back some of those losses. Futures edged higher on Friday, but the US benchmark is still down around 8% for the week.
(US.XON) (FR.TTE) (US.BP) (US.CVX)