Oil Capitulates On Global Recession Fears

Oil Capitulates On Global Recession Fears

Breaking through new technical levels, Brent crude has plummeted nearly 4.6%, below $90, and WTI has plunged to $82, shedding over 5%, as fears of global recession appear to be driving the oil markets into a longer-term spiral downwards. As of 12:40 p.m. EST, Brent crude is trading down 4.57% at $88.59 per barrel for … Read more

Are Oil Prices Set For A Comeback?

Are Oil Prices Set For A Comeback?

Oil prices have given up in recent weeks all the gains they had made since the Russian invasion of Ukraine as market fears of recession intensified. There are signs of slowing economic growth, which could dent oil demand. But oil market participants and analysts are struggling to estimate how much demand could suffer in a … Read more