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Brent Oil - Oil Price Fundamental Daily Forecast – API Reports Huge Build as Recession Fears Weigh

23-06-2022 02:36

The American Petroleum Institute (API) reported late Wednesday a build in crude oil inventories of 5.607 million barrels for the week-ending June 17.

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FTSE 100 Live: Public finances hit by surge in debt costs, oil below $110

Debt interest payments by the Government soared £3.1 billion in May as the surge in inflation hit the public finances.

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Recession fears grip crude oil market, Brent dips below $110/barrel

Crude oil futures traded lower on Thursday morning due to the fears of a recession in the US economy. At 10.05 am on Thursday, August Brent oil futures were at $108.92, down by 4.99 per cent; and ...

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Oil Down as Investors’ Worries of a Recession Grow – Oil was down on Thursday morning in Asia as investors are worried that tightening monetary policy could trigger a recession and dampen fuel demand. Brent oil futures fell 2.31% to $109 ...

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Oil prices fall 2% on recession fears; Brent crude reaches $109.50/bbl

US West Texas Intermediate (WTI) crude CLc1 futures fell $2.39, or 2.3%, to $103.80 a barrel by 0031 GMT. Brent crude LCOc1 futures dropped $2.24, or 2.0%, to $109.50 a barrel.

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