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Brent Oil - Oil Heads For Second Weekly Drop On Recession Fears

24-06-2022 01:50

Oil prices slipped on Friday and were heading for a second weekly fall, as tight supply was overshadowed by concern that rising interest rates could push the world economy into recession.

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Oil rises in volatile trading amid supply uncertainty

Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling U.S. economic activity. Brent crude futures climbed 31 cents, or ...

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Oil Down Over Slower Demand and Supply Uncertainty

Oil was down on Friday morning in Asia as fears of slower demand from slowing U.S. economic growth and supply concerns weighed on the market. Brent oil futures inched down 0.09% to $109.94 by 12:46 AM ...

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Oil trades sideways on fears of slower demand, supply uncertainty

SINGAPORE (Reuters) -Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply ...

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Oil prices rise on tight supply; Brent reaches $110.44/bbl

Brent crude futures rose 39 cents, or 0.4%, to $110.44 a barrel at 0012 GMT, while US West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.4%, to $104.31 a barrel.

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