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Brent Oil - Oil drops on recession fears and China COVID-19 curbs
LONDON: Oil fell by almost $1 on Tuesday (May 24) as concerns over a possible recession and China's COVID-19 curbs outweighed tight global supply and expectations of a pick-up in fuel demand with the ...
Gold price rises for a fifth day as Brent and lumber slide
Brent crude oil eases on demand concerns After three consecutive higher daily closes in the price of Brent crude oil a slide is currently being witnessed as fears of a possible global recession and ...
EU Embargo on Russian Oil as a “when” Not an “if” Question
Tight oil and product markets and the forthcoming US driving season are proving to support oil, as is the gradual reopening of the Chinese economy. Europe continues to consider an embargo on Russian ...
Oil Price Fundamental Daily Forecast – Longs Trimming Positions Following Bleak Outlook for Global Economy
Multiple threats to the global economy topped the worries at Davos on Monday, with some flagging the risk of a worldwide recession.
Oil Down As Worries About Recession Grow
Oil was down on Tuesday morning in Asia as investors’ concerns about a possible recession and weaker consumption grew. Brent oil futures fell 0.44% to $110.29 by 11:38 PM ET (3:39 AM GMT) and crude ...